Foreign Currency Accounting
Posted: Mon Dec 31, 2007 10:52 am
I am the treasurer for an English Speaking Church in Lima Peru and are curious if anyone has a solution to Foreign Currency accounting. We have Accounts, expenses and Pledges in both US Dollars and Peruvian Nuevo Soles.
Do we keep 2 sets of Church books and then do the summary in Excel with the currency conversion for the Pervian Nuevo Soles account?
Any help or suggestions would be appreciated.
Do we keep 2 sets of Church books and then do the summary in Excel with the currency conversion for the Pervian Nuevo Soles account?
Any help or suggestions would be appreciated.