While MYOB allows you to record transactions using multiple currencies, it does not provide the facility to run your reports under other currencies. Producing reports to the board in another currency can prove difficult and time consuming.
What can be done ?
BudgetLink provides the ability to run profit and loss or balance sheet report using multiple currencies.
How does it work ?
Within BudgetLink, multiple currencies can be created. One of them will be your reporting currency. Exchange rates are entered each period to convert your profit and loss and balance sheet figures.
Each data file to which BudgetLink connects is assigned a currency.
When running reports, you have the ability to choose with which currency to use to report and BudgetLink will provide the figures instantly converted, if required.
What costs are involved ?
|Features / Edition Matrix||FREE