Foreign Currency

You can choose not to restate foreign currency balances in selected GL accounts.  You must specify that the account is to be ignored from the revaluation pro...

Foreign Exchange Foreign exchange rates are supported in JobBag.  Summary of Process 1 Configure foreign currencies 2 Update a division's default currency if it is not the system currency 3 Set up and map system general ledger accou...

Configure Foreign Currency Codes Any number of currencies can be set up. Follow the steps below to do this. Add a new currency Step 1: Navigate to: File > Configuration > Currencies Step 2: The currency screen is as below.  In the...

Overview New master databases for clients are set up with the Australian dollar as the system currency.  You can't create a new system currency, the existing system currency needs to be edited and changed to your system currency. Please foll...

Overview At month end (or at any time), you have the option to use JobBag's 'restate general ledger' process to revalue the assets and liabilities which were processed in foreign currencies. This process requires then following revaluation accounts...

System-Controlled Foreign Exchange Accounts The foreign exchange losses and gains are posted to system controlled P&L accounts. Note: there is no need to create kind codes for these. The process to create them and map them is as follows:...

Overview JobBag can re-state any foreign currency balances in the Balance Sheet based on the foreign exchange rate applicable at the end of the period. There is also a report that gives more clarity in the unrealised gains and losses that ...