• SMETechSG

How to Record Foreign Currency Expenses

Many user confuse when trying to record the foreign currency expenses. They cannot find the foreign currency bank account from the bank account dropdown list although the account is created at account list. Below is the guide of record the foreign currency expenses: 1. Go to Banking- Spend Money 2. Before entering the transaction details, click on the Currency button to change the currency. 3. You can select the currency you would like to use from the drop down list. Then click on Use Currency. 4. After selected the currency, check if you need to change the currency rate. Then click on OK. 5. You can now find your USD bank account to show at the bank account drop down list. You will notice the transaction amount is now in USD. Enter the transaction details and click on Record.

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MYOB Singapore is now known as ABSS Singapore from 1st January 2018