We our implementing our first Canadian client. I have a question if a Canadian customer purchases the Canadian version and only really wants to work with Canadian currency -- do we just turn on the Canadian Localization and enter NO to Multi currency options? -- does the system know that they are Canadian currency by the version and Yes to localization?
Thank you,
Frances Pantelidakis
Best answer by meganfriesen37
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+10
Yes, enable the Canadian Localization. There are a number of import scenarios you’ll need to run to set up all the Canadian Sales Taxes and tax agencies.
When you set up the first Company in the new environment, I believe you will still need to pick CAD as the base currency for the company and you may (but I’m not 100% sure on this) set up CAD as a currency for accounting.
Many Canadian customers also transact in USD so you may still need to set up USD or other currencies for accounting purposes along with the requisite exchange and revaluation requirements because many vendors will invoice in USD (and sometime you may also have cross-border customers).
Hi
Thanks for your response. This is very helpful.
Thanks,
Frances
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