8.8 Currency Sub Menu

With Version N, Muli has introduced the ability to raise Orders and process transactions in other than local currency. Each Muli system is established with a given local currency, ie: for Australia $AUS; for Hong Kong HK$, Euro, etc.

All foreign currency transactions are converted to system-set local currency at the time of completion, although you may be holding the money in a bank account of the foreign currency. Therefore, on any General Ledger period, there may be a foreign currency Gain or Loss associated with the holding of the account and its validation at Balance Sheet date.