How do you turn on Currency on Sage 50

How do you turn on Currency on Sage 50

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I have recielntly installed Sage 50 Accounts PRofessional and want to set supplier accounts to the currency they trade in. There is obviousely a flag in the system that turns currency on and off as the currency selection is grayed out to the company defaults when I set up the suppliers

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By paulwakefield1
09th Jun 2014 13:17

From memory

I think it is Tools, Activation, Enable Foreign trader.

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By johndon68
09th Jun 2014 17:26

Foreign Currency

I assume that you want to post transactions in the foreign currency rather than just flag the account as being in a foreign currency?

You switch it on in Modules -> Wizards -> Foreign Trader Setup

Bear in mind that you'll not be able to change the currency on any accounts that already have transactions posted to them.

John

 

 

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By WhichTyler
09th Jun 2014 17:28

Caveat

From memory, it only works properly if you are paying FX liabilities from a bank account with the same currency. If you are just paying foreign suppliers from a sterling account, then do it all in stg

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By johndon68
09th Jun 2014 17:32

Caveat

Correct, if you set a customer up, for example, as Euros then invoices can only be paid from a bank account also set up in Euros.

John

 

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