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Record a Foreign Currency Transaction in MoneyWorks: Should You Open a Foreign Currency Bank Account
Your client pays in USD, but your bank only takes SGD — what happens next might surprise you.
EH Lim
Oct 28, 20253 min read
Do I have to turn on the multiple currencies feature in my accounting software?
Managing your foreign currency with the multiple currencies feature turned on in your accounting software would be easier.
EH Lim
Sep 6, 20242 min read
How to receive or pay an invoice with a different currency in MoneyWorks accounting software?
The multi-currency feature in MoneyWorks accounting software will be handy for growing businesses that trade globally.
EH Lim
Jun 16, 20232 min read
Offset a foreign currency credit note with a local currency invoice
If both invoice and credit note is in a different currency, then have to consider using a contra account to clear them instead.
EH Lim
Sep 1, 20201 min read
Exchange Rate
Currency revaluation process converts the balances in the foreign currency-denominated account to the reporting currency.
EH Lim
Jul 8, 20202 min read
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