Posting Transfers between Bank Accounts with Different Currency Codes

Once you have set up your bank accounts, you may need to transfer an amount between two bank accounts that have different currency codes.

To Post Transfers between Bank Accounts with Different Currency Codes:

1. Open the General Journal window.

2. On a journal line, enter the first account in the Account No. field.

3. Enter the amount (in the currency of the account) in the Amount field with or without a sign; an amount without a sign is a debit, and an amount with a minus sign is a credit.

4. On the next journal line, enter the second account in the Account No. field.

5. Enter the amount (in the currency of the account) in the Amount field with or without a sign; an amount without a sign is a debit, and an amount with a minus sign is a credit.

6. If the exchange rates used in the transaction are different than the exchange rates in the Currency Exchange Rates window in the program, then enter a third line for the exchange rate gain or loss. In the Account No. field, enter the account number for exchange rate gains and losses.

7. Click Posting, Post.

Related Topics

Posting Transfers between Bank Accounts in the Same Currency

Posting Transfers between Bank Accounts with Currency Codes

Setting Up Bank Account Posting Groups

Specifying G/L Accounts for Gains/Losses and Residuals with an Additional Currency

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