Business

Sage 50 Currency

November 17, 2023
alexhales

Install Updates in Sage 50

Sage 50 Foreign Currency is a financial management solution designed for businesses engaged in international trade. This robust software enables seamless handling of transactions in multiple currencies, allowing organizations to navigate the complexities of global commerce with ease. Sage 50 Foreign Currency empowers users to accurately track exchange rates, manage foreign accounts, and generate reports in both local and base currencies. With features like automatic currency conversion and real-time updates, businesses can make informed financial decisions while minimizing the risk associated with fluctuating exchange rates. This specialized tool within the Sage 50 suite ensures precision and efficiency in managing financial transactions on a global scale.

Setting up Multi-Currency in Sage

  • Open Setting >> Activate Multi-Currency >> select Company >> Change Company Settings
  • Select Multi-Currency tab
  • Select the Enable Multi-Currency check box to activate >> then select Home Currency in the drop-down menu.

Read more— Bank Reconcile with Sage 50

Ways to Modify Foreign Currency in Sage 50 Accounting

Modifying foreign currency transactions in Sage 50 is a streamlined process. Users can easily adjust exchange rates, edit transaction details, and ensure accurate financial records. This functionality empowers businesses to maintain precision in their accounting, reflecting real-time changes in foreign currency values for comprehensive and precise financial management.

Modify one foreign currency

  • Open Setting >> Click on Company << then click on Currency
  • Enter currency Symbol to any or all of the following:
  • ($) Dollar: ALT+036.
  • (£) Pound: ALT+0163.
  • (¥) Yen: ALT+0165.
  • (€) Euro: ALT+0128.
  • Enter symbol position – Leading (in front of the number) or Trailing (behind the number).
  • Thousands separator.
  • Decimal Separator.
  • Click on OK.

Modify multiple foreign currencies

  • Open Setting >> Click on Company << then click on Currency.
  • Enter currency Symbol.
  • ($) Dollar: ALT+036.
  • (£) Pound: ALT+0163.
  • (¥) Yen: ALT+0165.
  • (€) Euro: ALT+0128.
  • Symbol Position – Click Find and select either Leading (in front of the number) or Trailing (behind the number).
  • Thousands Separator.
  • Decimal Separator.
  • Click on OK.

Read more— Install Updates in Sage 50