Accounting Link Options

For Automated Accounting Links (AccountRight Live, MoneyWorks, Xero, QBO), transactions are posted from Ostendo to the accounting package based on the frequency specified in System Settings. Foreign currency support provided are as follows:

•	AccountRight Live - Sales and Purchase Transactions can be posted across in either foreign currency or Local Currency. All GL Journals are posted in Local Currency.

•	MoneyWorks - Transactions are posted across in foreign currency together with the exchange rate.

•	Sage Evolution Live Transactions are posted across in foreign currency together with the exchange rate.

•	Xero - Sales and Purchase Transactions can be posted across in either foreign currency or Local Currency. All GL Journals are posted in Local Currency.

For Batched Accounting Links (MYOB Classic, Reckon (Desktop or Hosted), Sage Pastel), the following options can be set up

1. Post Foreign Currency Transactions as Local

If the linked accounting package that you are linked to only accommodates local currency or you only use local currency Journals then ‘check’ this checkbox. All generated Ostendo Journals will be exported in local currency although Foreign Currency Invoices, Deposits and Payments (along with their Exchange Rates) will still be processed in Ostendo.

2. Post Daily Summaries (Also applicable when posting Xero & MYOB AR Live transactions across as Journals).

Although Ostendo creates and retains detailed Financial transactions you have the option to have Daily (Summary) Journals sent to the Ostendo-Accounting Link routine. The daily summaries can be selected for the following:

•	Applying Deposits

•	Applying Payments

•	Assembly Issues

•	Assembly Receipts

•	Assembly WIP Variances

•	Customer Deposits

•	Customer Payments

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Inventory

•	Job Order Issues

•	Job WIP Variances

•	Purchase Receipts

•	Purchase Price Variances

•	Sales Invoice Costs

•	Sales Invoice Revenue

•	Sales Order Issues