When adding a Transaction.currency field into the sales invoice or receipt template, it prints the currency code used in the transaction. For example, to print an invoice total of US$1,000, you use ‘Transaction.currency+Transaction.gross’.

QuickBooks will switch to currency code instead of the currency symbol when multiple currencies feature has turned on. For example, if you set the base currency as Singapore Dollar, which the currency code is SGD, all base currency invoices will print SGD before the invoice total instead of placing the currency code ‘S$’ before the invoice total.

The foreign currency transaction in QuickBooks desktop accounting system will pick up the exchange rate from the currency table; however, you can change the exchange rate to match the GST in Singapore dollar which shows on the foreign currency bill.

The default sales invoice template in MoneyWorks accounting software has the built-in formula which prints the transaction gross with a currency code in front.

The Unrealised Exchange Gain/Loss report shows only the total Singapore dollar value of each foreign currency account instead of each foreign currency debtor or creditor…

If you are managing the book in multiple currencies, take note that only Bank, Accounts Receivable, Accounts Payable and Credit Card account type in QuickBooks can have multiple currencies, the rest of the account such as income, expenses, fixed asset, etc. are all in base currency (home currency). You get an error of “The currencies […]