Did you figure out how to do this?  I need to do the same and can't figure it out.

Thanks

You need to set it up as a USD Bank Account in the Assets. I am assuming you have Foreign Currency enabled.

Yep! Done that.

What I'd like to do is enter each receipt as an Invoice with the 'bank' being my Credit Card.  Can I do something like this in Sage?  Or can you suggest the best way to enter credit card receipts?  I'd like to have the ability to see how much I spent at Canadian Tire (for example) but most Canadian Tire purchases are done on our credit cards

Yes! 

Is there instructions somewhere for how to set this up?  I can't seem to get it to work.  I'm using Sage50 Quantum Canadian 

I put in some screen shots to help guide you.

Thank you!  That's what I needed!  I had my "Payment Method" set at "Pay Later".

Changing it to "Cheque" showed me my options!

Thank you for your help.

You are welcome!

I feel dumb asking this question now, but how do I cut a cheque to pay the VISA now?  I have a US bank from which I usually cut the cheque but I can't select another Bank to make the cheque out to.  I cannot pay this particular VISA online because my bank is stupid.

What do you suggest?

Set up the US Visa as a Vendor which is USD. You can then use the Payables to print the Cheque. When you make the entry the account used in the journal entry is the 1XXX account.

Thank you!

Circling back to this as I am also trying to set up a US Currency Credit card for to pay bills, but I notice when I set it up as a USD bank account, I am not able to link it under setting/credit card USED. It doesn't show as an option to choose. 

So it is currently set up in CAD dollars, but when I go to pay a US invoice, it wants to convert to CAD dollars which I understand being its a CAD credit card.  

Is there a way to make that work? I've talked with sage support, and it doesn't seem like they can give me a straight answer. 

Thank you.

Hi Sheila H ,

Based on the Sage Knowledgebase information, this happens because credit cards in Sage 50 Canadian Edition will default to the home currency, which is CAD in your case. Here are the steps and clarifications to help resolve this:

1. Current Limitation: At this moment, if your default currency is set to Canadian dollars, you won't be able to have a credit card directly set up in USD. This limitation is based on the system's default settings.

2. Processing US Dollar Payments: You can still process payments in USD in Sage 50 Canada, but the vendor must be set up as a US vendor in order to pay them in USD. The credit card may still show as CAD, but Sage 50 will handle the currency exchange for the transaction.

3. Steps to Set Up Foreign Vendors and Modify Currency: You can follow these articles to ensure your vendors and currencies are set up properly:

   • Add or Modify a Foreign Currency
   • Add a Foreign Vendor

While there is no direct way to change the credit card currency itself within the Canadian edition unless the default currency is set to USD, you should still be able to handle your US payments using the methods above.

I hope this clarifies the issue. If you need more assistance, feel free to ask!

If this helps, please mark it as verified :)

Warm Regards,
Erzsi

Hi Sheila H ,

Based on the Sage Knowledgebase information, this happens because credit cards in Sage 50 Canadian Edition will default to the home currency, which is CAD in your case. Here are the steps and clarifications to help resolve this:

1. Current Limitation: At this moment, if your default currency is set to Canadian dollars, you won't be able to have a credit card directly set up in USD. This limitation is based on the system's default settings.

2. Processing US Dollar Payments: You can still process payments in USD in Sage 50 Canada, but the vendor must be set up as a US vendor in order to pay them in USD. The credit card may still show as CAD, but Sage 50 will handle the currency exchange for the transaction.

3. Steps to Set Up Foreign Vendors and Modify Currency: You can follow these articles to ensure your vendors and currencies are set up properly:

   • Add or Modify a Foreign Currency
   • Add a Foreign Vendor

While there is no direct way to change the credit card currency itself within the Canadian edition unless the default currency is set to USD, you should still be able to handle your US payments using the methods above.

I hope this clarifies the issue. If you need more assistance, feel free to ask!

If this helps, please mark it as verified :)

Warm Regards,
Erzsi