Use Sage 50 foreign currency transaction


Processing foreign transaction is been made easier by Foreign Trade module which helps to record foreign currency transactions and deals with different exchange rates. If you face any problem regarding any step then feel free to contact us on our Sage 50 support number 1-800-986-6285 and we will make sure that we’ll resolve that issue.
How to record any transaction?
You should try to record the transaction in the similar currency as your base currency as the Foreign Trade module is not in use. Therefore, first you have to convert the exact given value to the base currency. For this, Input exchange rates in Settings > Currencies & the press F5 key in the value column to utilize the currency calculator. The currency calculator ensures to convert it to your base currency whenever the user enters the value of any transaction. Any doubt in this step? You can contact us on our Sage 50 support number 1-800-986-6285 for resolving your doubt.
Accounting of Exchange Rate differences
A case may arise where the credit note or the payment uses different exchange rate to the invoice (original). In this case the value of the base currency doesn’t match and user gets unexpected value for the difference. To account for difference in such type of case, the user has to post invoice to an exchange rate variance nominal code. If you face any problem in this step, contact us on our Sage technical support number 1-800-986-6285 for any kind of help.
Posting the revaluation
In this step open Customers > Batch Credit > and input the required details. After filling all the details such as A/C, Date, N/C, Details, Net, T/C, VAT etc. go on to Save and then finally Close. If you still have any doubt regarding any step then feel free to contact us on our Sage support number 1-800-986-6285. We would love to solve your issue.

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