General Ledger Multiple currencies

[Alvin Martin]

Hello Dev

I am in the processes of an install on my local.

I see were bank accounts can be in different currencies but what about some other accounts, like cash on hand.  We will make sales in two different currencies and hold cash in two different currencies,  we will pay some bills in two different currencies.

How do you think would be the best way to handle this in the general ledger.

AM

-------------------------------------------------------------------------
This SF.net email is sponsored by the 2008 JavaOne(SM) Conference
Don't miss this year's exciting event. There's still time to save $100.
Use priority code J8TL2D2.
http://ad.doubleclick.net/clk;198757673;13503038;p?http://java.sun.com/javaone
_______________________________________________
Perp-developers mailing list
Perp-developers@...
https://lists.sourceforge.net/lists/listinfo/perp-developers

[Nathan Gray]

On 6-May-08, at 2:11 PM, Alvin Martin wrote:

> Hello Dev
>
> I am in the processes of an install on my local.
>
> I see were bank accounts can be in different currencies but what  
> about some other accounts, like cash on hand.  We will make sales in  
> two different currencies and hold cash in two different currencies,  
> we will pay some bills in two different currencies.
>
> How do you think would be the best way to handle this in the general  
> ledger.

You can try having two cash on hand accounts, and set them up as bank  
accounts, one for each currency, similar to your real bank accounts.  
Then you will be able to receive and pay out of them in the  
appropriate currency.

You can only receive or pay from a bank account, so usually cash on  
hand accounts are set up as bank accounts for this purpose, with Cash  
being the only payment method allowed.  You can try variations on this  
method to suit your purposes.

Nathan Gray
nathan at goarctic dot com


-------------------------------------------------------------------------
This SF.net email is sponsored by the 2008 JavaOne(SM) Conference
Don't miss this year's exciting event. There's still time to save $100.
Use priority code J8TL2D2.
http://ad.doubleclick.net/clk;198757673;13503038;p?http://java.sun.com/javaone
_______________________________________________
Perp-developers mailing list
Perp-developers@...
https://lists.sourceforge.net/lists/listinfo/perp-developers

[Alvin Martin]

I setup some bank accounts but they are not showing up in the chart of accounts?

Nathan Gray wrote:

On 6-May-08, at 2:11 PM, Alvin Martin wrote:

Hello Dev

I am in the processes of an install on my local.

I see were bank accounts can be in different currencies but what about some other accounts, like cash on hand.  We will make sales in two different currencies and hold cash in two different currencies,  we will pay some bills in two different currencies.

How do you think would be the best way to handle this in the general ledger.

You can try having two cash on hand accounts, and set them up as bank accounts, one for each currency, similar to your real bank accounts.  Then you will be able to receive and pay out of them in the appropriate currency.

You can only receive or pay from a bank account, so usually cash on hand accounts are set up as bank accounts for this purpose, with Cash being the only payment method allowed.  You can try variations on this method to suit your purposes.

Nathan Gray
nathan at goarctic dot com

-------------------------------------------------------------------------
This SF.net email is sponsored by the 2008 JavaOne(SM) Conference
Don't miss this year's exciting event. There's still time to save $100.
Use priority code J8TL2D2.
http://ad.doubleclick.net/clk;198757673;13503038;p?http://java.sun.com/javaone
_______________________________________________
Perp-developers mailing list
Perp-developers@...
https://lists.sourceforge.net/lists/listinfo/perp-developers

[Nathan Gray]

On 8-May-08, at 6:10 PM, Alvin Martin wrote:

> What about this column "bank address" my only options are  Myself,    
> User,SiteMgr  and New search.

You can add your bank's address into the addressbook, and it will  
become an option.

> And looks like I can not change it with out delete and  New bank  
> account?

Hm.  You should be able to create a new bank account with the same  
information, and it will update the existing one.

Nathan Gray
nathan at goarctic dot com


-------------------------------------------------------------------------
This SF.net email is sponsored by the 2008 JavaOne(SM) Conference
Don't miss this year's exciting event. There's still time to save $100.
Use priority code J8TL2D2.
http://ad.doubleclick.net/clk;198757673;13503038;p?http://java.sun.com/javaone
_______________________________________________
Perp-developers mailing list
Perp-developers@...
https://lists.sourceforge.net/lists/listinfo/perp-developers