Activate Foreign Trader

How to activate the Foreign Trader option in Sage 50 Accounts.

Many businesses trade in different currencies. In Sage 50 Accounts, the Foreign Trader option makes this easy.

NOTE: Foreign Trader is available as standard in Sage 50 Accounts Professional and Client Manager. In other variants of Sage 50 Accounts, Foreign Trader is available as an add-on.

Enable the feature

1. Click Tools then click Activation and click Enable Foreign Trader.
2. If prompted, enter your Foreign Trader serial number and activation key.
   
3. If an Information window appears click OK, then click Next.
4. Enter your Revaluation N/C, by default it's 7906.
   
   This code is used to post automatic revaluations caused by fluctuations in the exchange rate when processing foreign currency transactions.
   
   
5. Click the Update method drop-down and choose one of the following:
   • Always Prompt to save exchange rate changes
   • Automatically save any exchange rate changes to currency record
   • Never save any exchange rate changes 
      TIP: To help you choose the right option for your business, use our handy guide on the Exchange rate options in Foreign Trader. 
6. Click Next then click Finish.

 NOTE: If the Enable Foreigner Trader option isn't showing, read our handy guide to find out why the Foreign Trader Setup Wizard is missing or not available. 

 

---

Watch how it works