opening balance and currencies

[Mandie]

Hello. I am having trouble setting up my opening balance and also changing my default currency to Euros with other accounts being in GBP. ANy help would be appreciated as I have spent so long trying different things I am geting confused!

 

[stanbusk]

If your default currency is EUR then open the preferences and set the format there. Then set those euro accounts with the 'Default' currency. Don't select EUR anywhere. Then create your GBP accounts selecting the GBP currency. You can find more info on how currencies work here: How to Handle Currencies

Opening balance is explained here: Opening Balance