An Australian supplier who has formerly billed me in Australian dollars has now introduced billing in my local base currency (New Zealand dollars). However, changing the supplier currency from $AUD to $NZD seems to screw up my accounting history.
Looking at old discussions in this forum… it appears the previous advice was to create a new supplier card with $NZD - but is there another solution now?
Hi @qwerty, there’s been no change since then and there seems to be no intention to introduce any such changes in the near term.
So, you will have to undo the change in currency of your Supplier and, instead, create a new supplier account in your local curreny of NZD.
From there, you get to decide whether to keep the old Supplier account open until it’s fully settled, or close it before settlement using a Journal Entry transferring the balance to the new account.
Personally, I’d go with the first option.