Does anyone know how to deal with payroll and Cortax nominal ledger accounts that are affected by journal entries in Euro and payments in Sterling for revaluation purposes?

Question

We are a GB Based company reporting in Euro. Does anyone know how to deal with payroll (HMRC for PAYE) and Cortax nominal ledger accounts that are affected by journal entries in Euro and payments in Sterling for revaluation purposes?

GordonJ · Answer

Hello Gian Piero, 
 Thank you for raising a question via Community Hub. 
 Regarding Euro and Sterling transactions. Sage 200 can account for transactions in multiple currencies. Below is the link that goes through how to use and process foreign currency transactions in both Sage 200 Professional and Sage 200 Standard. 
 https://desktophelp.sage.co.uk/sage200/professional/Content/General/Foreign_Currency_Transactions.htm?Highlight=foreign 
 desktophelp.sage.co.uk/.../CurrencyForeignCurrencyOverview.htm 
 How you are connecting directly with Sage 200 you do not say. In this instance I would suggest if you have Sage 200 Professional to speak to your business partner directly or if you have direct support using Sage 200 Standard/Education to contact Sage support directly. Regards, Gordon

Sage 200 UKI

Does anyone know how to deal with payroll and Cortax nominal ledger accounts that are affected by journal entries in Euro and payments in Sterling for revaluation purposes?

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