Trading abroad? Do you use Foreign Trader?

If you use Sage Accounts and trade in different currencies, did you know you can configure the software to process foreign currency transactions, bank transfers and revaluations?


The Foreign Trader module has been designed to help you account for fluctuations between the point of invoice and payment for sales and purchases, making it easy to track changes in currency values over time. It is possible to set up multiple bank accounts to manage the different currencies you trade in. The software provides visibility of all currency balances in the core currency at the touch of a button.


The module allows you to set-up overseas customer records quickly and easily allowing you to raise invoices in the currency your customers prefer, and record sales receipts. The built-in reporting functionality makes it really easy to track debtors, convert outstanding balances back to the base currency, and undertake reconciliation at the press of a button.



  • Produce invoices in multiple currencies
  • Record overseas purchases in different currencies and store supplier details
  • Manage exchange rate fluctuations when buying and selling
  • Add multiple currency bank accounts to track your activities
  • Reports to show what foreign amounts you’re owed


Note: The Foreign Trader options are available as standard in Sage 50 Accounts Professional.  In other variants of Sage 50 Accounts 2014 onwards and Sage Instant Accounts 2014 onwards, the Foreign Trader module is available as a chargeable add on.


There are few tasks you need to complete in order to set up Sage 50 Accounts to work with foreign currencies:

  • Run the Foreign Trader Setup Wizard.
    • Enter your foreign exchange rates for all currencies that you deal with on the Currencies window.
    • Set up any new bank accounts that will accept payments in a foreign currency.
    • Set up any new customer accounts.
    • Set up any new supplier accounts.


If you deal with a supplier or customer who deals in different currencies, you must set up a separate supplier or customer account for each currency that they deal in.

Once you have activated the Foreign Trader, Sage 50 Accounts allows you to create invoices, credit notes and orders for your customers and suppliers in the currency stored on their record, you can now enter customer receipts and supplier payments in the account’s own currency.


For further information, please contact Nick Wetherall.