Monday, March 14, 2016

Problem with Multi-Currency

I had a client with 3 companies in different countries but the same line of business so they used the same chart of accounts and items list. I was thinking of setting up one file then just copy and rename the next two so that it will be faster. For the first company based in the Philippines, I turned on the multi currency feature and Philippine peso as the home currency. After completely setting up the first file, I'm now ready to copy and rename the file for the next two companies based in Australia and New Zealand. But when I tried to change the home currency, it wouldn't let me. Now I know that once a home currency is set, it is irreversible. So I ended up creating the other two companies from scratch and just imported the chart of accounts and items list thru IIF. 
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