Task 2: Set up records for foreign currencies

MYOB software provides you with records for several commonly used foreign currencies, as well as your local currency.

The following currencies have been set up for you already: United States dollar, Canadian dollar, Mexican nuevo peso, European Union euro, Great Britain pound, Australian dollar, Hong Kong dollar, Japanese yen, and New Zealand dollar.

If you do business in any other currency, you will need to create a new record for the currency. Enter its current exchange rate. Follow the instructions below.

1	Go to the Lists menu and choose Currencies. The Currencies List window appears.

2	Click New. The Currency Information window appears.

3	Enter details of the currency such as a code, name and current exchange rate.

At this stage, you only need to complete the Currency Profile tab.

4	Click OK and then Close.

Related topics

■	Task 3: Create accounts to track foreign-currency transactions

■	Exchange rates