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  • Exchange rate on invoice receipt

    While recording a receipt on a USD invoice, I overwrote the default exchange rate to reflect the one my bank used to convert the funds. However, when I pressed <save>, Sage toggled back to the default exchange rate. So I now have a different GBP amount…

  • How to correct wrong exchange rate in PO Receipt

    In PO receipt a wrong exchange rate was entered, Invoice is not yet booked but still PO Receipt Rate screen won't allow to modify the rates. What's the best way to correct the rate?

  • INVOICE WITH SEPERATE EXCHANGE RATE

    I have an invoice for inventory $1620.46 but it also has $517.75 us exchange totalling 2138.21. how would I enter this? How do I ensure that the inventory is charged out without losing money?

  • Set exchange rate types per Company or Document type

    It should be possible to define the rate type to use on a Company level or sales/purchase document type level. If you use several rate types, you can choose in your accounting documents types which rate type should be used in journal entries (GESGAS…

  • Exchange Rate by Mauro Azzano

    Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. - Warren Buffett One of the more perplexing things we hear from our customers has to do with foreign exchange. Basically, when you have bank accounts in Canadian dollars as well as…

  • NEWBIE QUESTION: Track Exchange and Rounding Differences

    Hello All, I am new to Sage 50 and I am not an accountant so please forgive me if this sounds like a stupid question. I do business in Canada but "most" (not all) of my suppliers are in the U.S., meaning I buy 99% of what I sell in USD I want…

  • RE: USD Amazon Book Sales & CDN Bank Account

    Hi Kimmyro, For your first question, you can look at the screen shots below for solution. The invoice I use has an exchange rate or 1 US dollar equal to 1.48 Canadian dollar. I am using the Currency Exchange & Rounding account to keep track of the gain…

  • USD Amazon Book Sales & CDN Bank Account

    I am using Simply Accounting Sage Premium 2009. When posting the cash payments through Receipts is there any way to book the exchange gain or loss within the receipt? I would like to have the receipt match the direct deposit. (US sales with CDN dollar…

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