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)

  1. 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)
  2. Mark the Header, Detail, Detail Checking or Detail Credit Card field to choose a type for the account. (Account types)
  3. Enter a number and name for the account. (Even if you've chosen to view your accounts by name, you must enter a number.)
  4. 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.
  5. Use the Currency field to select the currency that will be used for this account.
  6. 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.
  7. 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.
  8. 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.
  9. 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)
  10. Click OK.
Related topics
To link an account to a transaction type
To add an account


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