Add a Foreign Customer
To set up your company to conduct
business in a foreign currency
Step 1: Add exchange gain/loss account for foreign currencies
Step 2: Set up foreign currencies
Step 3: Add foreign currency bank accounts
Step 4: Choose linked accounts for foreign currency transactions
Step 5: Link a currency to a credit card to track customer credit card sales
Step 6: Set method of pricing inventory and service items
Step 7: Add foreign prices to inventory and service items
Step 8: Add foreign vendors
Step 9: Add foreign customers
When working with foreign currencies, you cannot change the currency associated with existing customers: enter a new customer record instead.
Note: Do not select the currency when entering the invoice. Depending on whether you select a foreign customer,Sage 50 Accounting automatically uses the appropriate currency on the invoice. Therefore, you cannot assign a foreign currency to a one-time customer.
To add a foreign customer:
- Create a new customer record. How?
- In the Home window, click Customers & Sales on the navigation pane.
- In the Tasks pane, right-click the Customers icon and select Add Customer from the menu.
- Type the customer's name in the Customer box.
- Open the Options tab and select the currency to use for transactions with this customer.
- Open
the Sales Taxes tab and select the Sales Tax to add to this customer's
purchases.
Typically you do not have to charge sales taxes on your foreign customers' purchases. For more information, contact your local tax authority.
- Click Save and Close.