User Guide

Foreign Currencies
116 Simply Accounting
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want to use, you can type it in the field and fill in the remaining
fields manually.
By default, the home currency is Canadian dollars. On most
reports, any foreign balances will be converted into this
currency.
Currency Code.
An abbreviation of the home currency.
Track Exchange and Rounding Differences In.
Select a
revenue or expense account in which you can track differences
due to changes in the exchange rate over time.
Foreign Currency.
Select the other currency in which you want
to conduct business. If you cannot find the currency that you
want to use, you can type the name.
Currency Code.
Enter an abbreviation of the foreign currency.
Symbol.
The symbol that represents the country’s currency,
such as $ for dollars or £ for pounds.
Symbol Position, Separators, Decimal Places.
Fill in the
values for the currency you have selected.
Exchange
rates
If you are using the standard version of Simply Accounting, the
following options appear on the same screen as the ones
described above. In Simply Accounting Pro, these options appear
on the Exchange Rate tab.
Select a Foreign Currency.
This option appears only in
Simply Accounting Pro. Select the currency for which you want
to enter an exchange rate.
Display a Reminder if the Exchange Rate is [ ] Old.
Select
this option if you want Simply Accounting to remind you that
the exchange rate may be out of date. You can select a warning
period from the list.
Exchange Rate Table.
Use this table to enter exchange rates
and dates.