Re: Foreign currency cobtributions
Posted: Sat Mar 13, 2010 7:12 am
Unfortunately, the system is setup to use a single currency throughout. I also believe that you're going to have to setup some special accounts in Funds Accounting to track the value up or down as the dollar fluctuates.tabylee1954 wrote:Hi,
Our church sometimes received contributions in foreign currency, in HK dollar, NT dollar, Canadian dollar, RMB , Thai baht, RMB, Jap Yen and US dollar. But our currency is Phil Peso.
For other currencies, we change them to Peso, but for US dollar, we maintain US dollar time deposit and savings account, do you have any suggestion how to input these type of transactions in PC+?