Petty cash accounts in foreign currencies
Please make it so we can handle petty cash accounts in forgiven currency, we are a global company and this is critical for us
Matt Douhan
shared this idea
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David Morris
commented
Yes. Totally agree. @Zoho - if you really want your system to be viewed as a serious contender to the likes of the other systems that are out there, then you really do need full multi-currency functionality, not using some fake "Bank Account" work around. I am sure my accountant will complain when I have to explain that whilst I have petty cash in multiple currencies, the only Petty Cash account that I am allowed in my chart of accounts is in my home currency.
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Brice H
commented
While I agree that Cash accounts should also allow for foreign currencies, my organization is set up with multiple foreign currency cash accounts by listing the account as a "Bank" rather than "Cash". They will also appear in the Banking module then for easier monitoring. You can then also import transactions in case you are tracking them elsewhere as well as do a reconciliation any time you do a re-count.
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AbdulManan
commented
Its great idea, zoho should implement as soon as possible
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Matt Douhan
commented
Foreign currency