DESKTOP EDITION CLOUD EDITION SERVER EDITION GUIDES FORUM

How to record in Manager currency exchanges?


#1

Let’s say, I have an amount of 1000 Eur on “Eur Bank Account” (Cash on Bank), and i want convert them in HKD (hong kong dollar) in my “HKD Bank Account” (cash on Bank).
Going into Eur Account and clicking “transfer money”, I don’t see option to transfer money between accounts.
Assuming the exchange rate is 1:10 how should i record this kind of transaction?


#2

This is kind of loose end right now.

As a workaround, you can create some general ledger account called Inter-company transfers under Chart of accounts and simply record money transfer as two separate transactions Receive money / Spend money on relevant bank/cash accounts and categorize both transactions under Inter-company transfers account.

This loose end when using multi-currency will be addressed by end of this week.