Can I have 2 companies setup under the same account one using euro and the other sterling?

Can I have 2 companies setup under the same account one using euro and the other sterling?

2 answers

Peter Connor Staff February 20, 2016
Public

Nope, one currency one account. you can bill and receive payment in multiple currencies but every account has to have a home currency you couldn’t have two in one set of books. 
Why would you want to do that out of curiosity.

#answer-2849
  1. I need to bill in stg for one of my trading names. Its not immediately obvious as to how I can do that.. I will look thru it, Thanks
Peter Connor Staff February 20, 2016
Public

Well then you just invoice in Stg. When you’re creating an invoice you’ll “advanced..” click that an you can change currency. 
Bullet if a full multi currency accounting product, so we’ll manage all the tax implications of FX gain/loss. 
Sounds like you don’t need 2 accounts. Also if you’re an Irish company then you’ve to report in Euro. 
If you click on Invoice Settings you’ll see you can add Invoice Templates and create multiple brands under the one accounts package. 

#answer-2850
  1. Great , Thanks - I think i should really have the completely separate anyway. Eventhough its just a trading name of the main company
  2. Peter Connor February 20, 2016
    No you shouldn't Dave. If it's just a trading name then it's the one company and one set of Books.
  3. - Sorry , Im thinking out loud .. I am going to split it out in the coming weeks into an entity in its own right - I do appreciate the feedback. Can i ask you a separate question please?
  4. Peter Connor February 20, 2016
    Cool you can link 2/3/4... company under the one email if you want so you can jump between them. Just click "add new company at the top" dropdown.
  5. Basically we are a training company I generate paper certificates for my customers - I am looking for some type on online - database/customer management type of software - needs to be very flexable as the certificate types vary - - need to have automatic notification etc . can you recommend anyone / software that can do this?
  6. Peter Connor February 20, 2016
    I'm afraid not. You could try searching for CRM's in the sector you're in. There are 100's of CRMs out there.
  7. - yeah ,,, nothing suitable - Thanks anyway .. I love your product .
  8. Peter Connor February 20, 2016
    Sorry about that - maybe you can build something in excel or access if you want something very flexible.

    Thanks we love it too.

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