Foreign Currencies

Use Currency to enter foreign currency and exchange rates.

HINT-- Currencies allow you to use the Goldenseal accounting software for purchases or sales in a different currency.

CURRENCY BASICS
Entering Currency Records | Data Fields
Using Lists | Using Currency

Website Info Links
Accounting Software | Bookkeeping Software | Job Costing Software

RELATED TOPICS
Payment Methods | Purchases | Sales

Entering Currency

To enter a Currency record, follow these steps:

Choose Income Setup from the Income menu, then choose Currencies from the submenu.
Click the New button, or click on an existing item and click the Edit button.
Enter details for the currency.

Data Fields

Enter the following information for each Currency:
Name-- Type in a brief name for this payment method. This is the text that will appear in clairvoyant fields.
Description-- Type in any comments you'd like to make about this item.
Purchase Exchange Rate-- Enter the value of this currency when you purchase items with it.
Sales Exchange Rate-- Enter the value of this currency when you accept it as payment for sales.
Currency Symbol-- Enter the symbol to use for this currency.

Using Currency

We have added optional fields that you can use in each Purchase transaction and Sales transaction when the transaction amount is in a foreign currency. This features is sitll under development. Please contact us if you would like to use this feature.