Account Hosted Multi Currency - Bank in foreign currency

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Lusia
Lusia Member Posts: 3 ✭
edited September 2019 in Accounts Hosted
Hi,
We are using Reckon Hosted multi currency with USD as our base currency. However, we only have AUD bank account. 

We could issue invoices both in AUD and USD with its respective A/R in AUD and A/R in USD. However when we receive the payment from overseas in our AUD bank account, I still can do "Receive Payment" for the USD invoice, however I can't record the deposit into my AUD bank account. 

It would be great if you could advise. 

Cheers,
Lusia 

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,421 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited September 2019
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    Hi Lusia

     

    What country are you actually based in?  That should be your chosen “Base” Currency.

     

    Unfortunately this cannot be changed once set so if you’ve only just started using the program, I’d suggest creating a new Company File & starting again with the correct home currency.

     

     

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    shazinoz2@bigpond.com

    www.accounted4bs.com


    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Lusia
    Lusia Member Posts: 3 ✭
    edited June 2019
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    Hi Shaz, 

    Thank you for your reply. I know it's a bit confusing. Our organisation is Australia based but we have nominated USD as our functional/based currency. However, our bank account is in Australian currency. 

    Kind Regards,
    Lusia 


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