We opened a bank account to receive payments from American clients and pay our American suppliers. When I create the account in Sage 50 at one point it's asking me to enter the links accounts. Our Canadian bank account is already set up with links accounts (Interest income, bank charges, exchange gain, NSF fee, Error gain, Interest expenses and adjustment).
I was wondering if I should use the same links accounts as the one for the Canadian bank account or create different link account numbers for the USD currency to setup my USD bank account?
Thanks in advance.
I would likely go with separate account nbrs. Just a reminder that your financial stmts will have to show all amounts in CDN funds including the US bank accounts and its linked accounts.
© 2015, Sage Software, Inc. All Rights Reserved. Sage energizes the success of businesses and their communities around the world through the use of smart technology and the imagination of our people. Sage has reimagined business and brings energy, experience and technology to inspire our customers to fulfil their dreams. We work with a thriving community of entrepreneurs, business owners, tradespeople, accountants, partners and developers who drive the global economy. Sage is a FTSE 100 company with 14,000 employees in 24 countries. For more information, visit www.sage.com.
Community Terms of Service | Community Guidelines | Blog List | Community Help