Re: Single to multi-currency conversion

I disagree with some of the proposals.  
Regards,


-----Original Message-----
From: system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected] [mailto:system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected]]
On Behalf Of Hudson McVay
Sent: 19 September 2011 18:28
To: 'System 21 Users'
Subject: Re: [SYSTEM21] Single to multi-currency conversion

Thanks, that makes sense after looking at the company profiles.
Having different supplier and customer accounts for each currency should be
a given, but will keep that in mind during setup.

-----Original Message-----
From: system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected] [mailto:system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected]]
On Behalf Of Simon Sherwood
Sent: Monday, September 19, 2011 11:54 AM
To: 'System 21 Users'
Subject: Re: [SYSTEM21] Single to multi-currency conversion

Hi Hudson

I would normally recommend having different supplier and customer accounts
for each currency, as in my experience, this minimises simple mistakes and
prevents transactions in the wrong currency. If this is the case, having
multiple currencies in one company is quite straightforward and does not
affect what you already have (apart from reports). This can be for AR and
AP, as I presume your CS is already multi currency. Why would you want the
GL to be in other than your base currency?

Hope this helps

Simon


-----Original Message-----
From: system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected] [mailto:system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected]]
On Behalf Of Hudson McVay
Sent: 19 September 2011 16:30
To: 'System 21 Users'
Subject: Re: [SYSTEM21] Single to multi-currency conversion


Just started talking about it, not sure exact requirements but would need to
be all modules GL,AP,AR,OE,AO etc.
Trying to get an idea of what makes more sense. Convert current company to
multi or use a second company just for the multi and interface just the
gl's.

Hudson



-----Original Message-----
From: system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected] [mailto:system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected]]
On Behalf Of Simon Sherwood
Sent: Monday, September 19, 2011 11:00 AM
To: 'System 21 Users'
Subject: Re: [SYSTEM21] Single to multi-currency conversion

Hi Hudson

There is no easy way, because it depends on which modules you need to be
multi currency. Within each module is a multi currency switch and then you
set up the currencies in the GL and it works!!!!!  However, it has different
effects in each ledger and you need to understand about realised and
unrealised gains/losses.

What are you exact requirements?#

Regards

Simon


-----Original Message-----
From: system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected] [mailto:system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected]]
On Behalf Of Hudson McVay
Sent: 19 September 2011 15:51
To: 'system21-Zwy7GipZuJhWk0Htik3J/[email protected]'
Subject: [SYSTEM21] Single to multi-currency conversion


We are looking to convert to multi-currency from single currency.
Does anyone from any info or docs on how to accomplish this.
We can do multi-company if need be, and we are on 2.2.

Thanks.

Hudson McVay


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