Foreign Currency

Both Xero and MYOB offer foreign currency options on certain subscription levels.  The area is very complex, and requires proper setup and month end procedures.  Most of the complexity relates to the fact that exchange rates change every day, which create unrealized gains and losses.  If you have bank accounts held in other currencies, sell or purchase overseas, please give us a call to set up a consultation to ensure you are using the foreign currency features to their full capability.