View Full Version : Doing business in Australia from California
03-16-2006, 11:47 AM
Is there a program that Quickbooks offers or any other accounting program that is able to convert Australian numbers into US numbers? I need to be able to show two different reports in Australia and in California.
PLEASE HELP!! In need to find a software ASAP.
03-16-2006, 01:10 PM
The Australian version of QuickBooks is not multi-currency, nor is the US version. MYOB Premier does offer this, but is not a cheap alternative. There is a US version of MYOB and I would suggest you have a look at that.
If you have never used MYOB, there are quite substantial differences and those familiar with QuickBooks may find it a little frustrating. However, it does do very good accounting once you have mastered it
03-20-2006, 10:08 AM
Hi ggrace & gibbo
After coasting along with QuickBooks V7, I've finally upgraded to QuickBooks Pro 2005/06 and this has multicurrency!!!
There is a whole area on multi-currency, including a currency calculator and a exchange gain/loss expense account that tracks the difference when exchange rates change and allows you to always balance in your home currency. I haven't actually had to use this feature myself, but it sounds like what you're looking for - here's a snippet ....
"What is Multicurrency?
Multicurrency is a feature that allows you to deal in currencies other than the Australia dollar, New Zealand dollar or Singapore dollar. If you intend to purchase or sell goods and services outside your country, you can turn on multicurrency to create sale receipts, tax invoices, adjustment notes, sales orders and estimates in other currencies; plus enter and pay bills from foreign suppliers .
Multicurrency makes it easy for you to track foreign transactions and account for them properly, regardless of the currency used to complete them."
I'm not sure which QB version you're using, but the 2005/06 QB Pro retails around $500-$600. It tracks jobs, estimates etc, you can process customer credit card payments, import bank statements, pay employees/bills & general banking online. You can also track vehicle mileage, STS depreciating assets and write letters by mail merging using your customer/supplier/employee lists as it can be integrated with MS Office! (... I think I deserve some commission for this ....!!! Ha Ha)
Anyway, hope this is helpful
03-21-2006, 06:44 PM
Hi gibbo & shaz
Thank you so much for helping me out.. I will look into that Pro 2005/06 program.
You guys gave me great information.
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