Foreign currency receipts using a foreign currency bank account

Reconcile Customer Receipt with no bank charges

The scenario is:

  • You raise a Sales Invoice for $672 in Jan when the exchange rate is 1.20
  • You receive payment in full in Feb when the exchange rate is 1.3.

 

Reconcile Customer Receipt WITH bank charges

The scenario is:

  • You raise a Sales Invoice for $700 in Jan when the exchange rate is 1.20
  • You receive payment in Feb when the exchange rate is 1.3 but you only receive $672 with $28 being foreign currency transaction charges.

 

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