Forum Discussion

JBentley's avatar
JBentley
Experienced User
3 months ago

Multi Currency Aust Supplier in USD & GST

We have AccountRight and have just started to use Multi Currency for an Australian supplier who invoices in USD and advises of the GST in AUD. How can i adjust the GST to match the supplier's AUD GST...
Mike_James's avatar
Mike_James
Ultimate Cover User
2 months ago

JBentley, the supplier has used a rate of 0.654652 ($322.75/$493.01) in their assessment of the AUD GST. But the USD bill has been entered into MYOB at a rate of 0.6750496 ($3227.50/$4781.13). Would you consider using the same rate as they have, and picking up any difference as a variance on payment?

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