Why can't I change the currency of a business in Kontuly?
Kontuly says "The currency can't be changed once transactions have been recorded" because every amount in a business's books is in that currency. Amounts are stored without a currency label, so changing it later would relabel every past amount. If the currency is wrong, create a new business with the right one.
What do I do if I picked the wrong currency?
- Set up a new business with the right currency: AUD for an Australian business. See Can I keep more than one business in Kontuly?
- Export anything you want to keep for reference from the old business first, such as reports as PDF or CSV.
- Delete the old business once you no longer need it. A final backup is saved. See How do I delete a business?
If you've only just started, this is quick. A business with no transactions yet can still have its currency changed in Settings → Financial year & region.
I invoice customers in US dollars. Do I need a USD business?
No. The business's currency is the one your books are kept in, AUD for an Australian business. Individual invoices, bills and bank accounts can be in other currencies.
Related questions
- How do I set up my first business in Kontuly?Kontuly's setup wizard creates your books in four steps (business name and ABN, GST registration, financial year, main bank account), changeable later.
- Can I keep more than one business in Kontuly?Kontuly keeps several businesses, each with its own separate books, settings and backups. How to add a business and switch between them.
- How do I delete a business in Kontuly?Delete a business from Kontuly's business switcher. A final backup is always saved first, so you can bring the business back later if you need it.
- How do I invoice or pay in a foreign currency in Kontuly?Kontuly lets you invoice, buy and get paid in other currencies. Rates come from the Reserve Bank of Australia, and exchange gains or losses post automatically.
More about troubleshooting
- Why can't I edit an approved invoice or bill in Kontuly?Kontuly says "Only draft invoices can be edited" or "Only draft bills can be edited"? Fix an approved document by voiding it or raising a credit note.
- Why does Kontuly say "Period is locked"?The transaction is dated on or before the lock date in Kontuly's Settings. Date the correction after it, or clear the lock date, fix it and set it again.
- Why can't I void a bill or credit note in Kontuly?No Void button on a Kontuly bill or credit note? Remove its payments, allocations and refunds first, and check the lock date. What each message means.
- Kontuly says an account has transactions and its type can't changeKontuly locks an account's type once it's been used, so past reports don't change. Create a new account of the right type and move the balance with a journal.
- Why can't I delete a draft invoice in Kontuly?Kontuly lets you delete draft bills and credit notes but not draft invoices, because their number is already taken. Void the draft instead.