How do I do a foreign currency transfer between accounts?

KB362

Overview

A foreign currency transfer between two General Ledger accounts is done using a Manual Payment.

Process

1. Create a Payment
2. Tick Manual
3. Enter the Source Account at the top.
4. Enter the Destination Account at the bottom.
   1. If the currency of the destination account is different from the currency of the source account, it will activate the FX rate box at the top right.

   

5. Enter the amount and the exchange rate.
6. Continue to process the payment as normal.

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Last edit: 25/09/23