To add a foreign currency account
Accounts > Maintaining Accounts > Creating accounts > Multicurrency > To add a foreign currency account
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The "I Use Multiple Currencies" option must be marked in the Preferences window.
The Accounts List window should be displayed. (To find the Accounts List window)
- Decide what type of account you want to create (asset, liability, etc.) and click the appropriate tab at the top of the window. Then click New. (Account classifications)
- Mark the Header, Detail, Detail Checking or Detail Credit Card field to choose a type for the account. (Account types)
- Enter a number and name for the account. (Even if you've chosen to view your accounts by name, you must enter a number.)
- Enter the account's opening balance in the foreign currency -- not in dollars. For example, if the new account contains 10,000 euros, enter 10,000. The currency symbol will be updated in step 7.
- Use the Currency field to select the currency that will be used for this account.
- A message will appear asking you if you want fan exchange account to be created automatically for your new account. The exchange account is required. Click OK.
- A second message will appear asking if you want the opening balance for the exchange account to be calculated automatically for you. Click Calculate Now.
- A window showing the opening balances for both the new account you're adding and its exchange account appears. Review the information and click OK to return to the Edit Accounts window.
- If you want to set up a budget for the account, click the Budgets button and enter the budget amounts in the window that appears. (To manually enter budgets for an account)
- Click OK.
Related topics
To link an account to a transaction type
To add an account
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