Working with Multi-Currency

Yhe home currency must be used in general journals, as the general ledger is only in home currency.

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.