For the most part, working with Multi-Currency in Jim2 is the same as normal, except that an additional currency is displayed.
This also means that some operations require that the current exchange rate must be acknowledged.
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Only the home currency can be used in general journals, as the general ledger is only in home currency. |
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When creating a new Jim2 database with foreign currency bank accounts, the opening balance must be entered against the foreign currency general ledger account at the correct exchange rate before entering any transactions, so the conversion from the foreign currency to AUD is accurate. Transactions against foreign currency bank accounts must be entered in the sequence that they actually occurred, or the calculated exchange rate and resulting realisation results may not be as expected. |
Further information