I need to make a payment to a supplier, but in order to do so, first I need to buy US$ cash and then deposit it to Bank to make payment. Usually, in my country, Bank doesnt sell, so I have to buy from a different source at a higher rate than fixed exchange rate, which causes exchange loss.
In desktop edition, I use cash transfer button and gain / loss happens automatically. This is no longer available in Cloud edition. So I have used Interaccount transfer to do this from my Cash on Hand (local currency) to my Cash on Hand (US$).
Now I see a suspense under Equity. See below screenshots.
How do I fix this? And what’s the best accounting way to do this?
Thanks a lot for your help