Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Sterling Products on TAS

  • 29-04-2010 6:30pm
    #1
    shy
    Closed Accounts Posts: 53 ✭✭


    Hi

    Im trying to set up our products on Tas Books 3, we have a mixture or Sterling USD and Euro Suppliers.

    If a supplier sells us a product for £2.50 how do I put this on Tas so that the PO are in Sterling and the amount thats show in the accounts is Euro. Any help would be appreciated.


Comments

  • #2
    Herbalist
    Registered Users, Registered Users 2 Posts: 149 ✭✭Herbalist


    Tas does not do full foreign currency. It does dual currency.

    This means that you can set a currency as your secondary currency - so for example you can have euro as your base currency and set sterling with an exchange rate as your secondary rate.

    When you create a purchase order for a supplier the main currency will be euro but you can show the secondary currency on the invoice also. You create the PO in 711, recieve the goods in in 723 and you record the invoice omn the supplier account in 321. Using menu 321 and the F12 key you can record that the amount was recieved in sterling, you can also record a currency loss or gain. Suppliers balance will appear in euro but you can view a foreign currency transation report.

    In the newest version you have an extra fewture. You can do your PO in 711, recieve the goods in 723 but you can recieve the invoice in sterling there as an F12 button will appear on that screen and let you put it in.

    The dual currency functionality will do the above but may not be ideal if you need to have foreign curremncy pricelists for suppliers, to do POs in foreign curreency only or to have a foreign currency bank account and auto currency loss or gain calculation. For this it may be better to look at Sage 50 Accounts professional


Advertisement