Changing the Local Currency in a Multi-Currency Company File

Article ID: 2024737           Last updated: 22 January 2016

 

If you've turned on the 'I Deal in Multiple Currencies' feature in your Accounting Plus company file (found in Setup> Preferences> System), the Local Currency will default to GBP (Great Britain Pounds).  To change the currency code, symbol or name to a new currency, please take the following steps:

At the top left corner of your screen, select Lists> Currencies.

Click zoom arrow '»' for  Great Britain Pounds (Local) to open the Currency Information window

Change the Currency Code, Currency Name and Currency Symbol to the currency you wish to become your local currency.

Note!  If you wish to change the existing GPB local currency to a currency that already exists in the currency list, then you will first need to temporarily change that currency’s code to something different. You can then change the GBP currency to your preferred code and then change the old currency to GBP. You effectively need to 'swap' the currencies.

Example: Changing the GBP Local Currency to EUR Euro:

  1. Open the existing EUR currency and change its code to EU1.
  2. Open the GBP (Local) currency and change its code to EUR (and make any other necessary changes)
  3. Open the EU1 currency and change it to GBP (and make any other necessary changes)

IMPORTANT NOTE:

This procedure will not convert existing transactions to the new currency. It will simply change the default currency name to your new name, code, symbol.  For example, a £1000 transaction would simply become a €1000 transaction.  If you are looking to convert the basis of your company's existing accounts from GBP to your preferred currency, please contact support

 


Disclaimer: This information is of a generic nature. For specific advice regarding your particular circumstances please seek assistance from your Accountant, HMRC, or your IT Consultant as appropriate.