Criteria to remove multi-currency:
- No transactions at all in the transaction period using a foreign currency
- If only a few exist, open each transaction and convert it to the native currency.
- No balances in any foreign currency accounts
Steps to turn off multi-currency in MYOB:
- Check any multi-currency accounts for a Balance. If they are all $0 proceed to step 2.
Delete unused currencies Delete unused currencies from the currency table:
To do this go to Lists > Currencies.
If you are unable to delete a currency, it may be linked to an account such as payables or receivables. Unlink these accounts first and try again.
- Change any Foreign exchange accounts to AU currency.
- Remove any foreign currency linked to your contacts.
- Turn off multi-currency in the file by un-ticking 'I deal with multiple currencies.