Realized foreign exchange gains

[AJD]

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Income in foreign currency - unrealized vs realized gain/loss How To

Dear community, Residing in Australia, I work with US customers and get paid in US dollars (foreign currency). I don’t always convert money from USD to AUD, and if I do, it’s usually an arbitrary amount on an arbitrary day. Now, how do I setup Manager, and what would be the corresponding income and exchange transactions, in order to be able to report both unrealized and realized currency exchange gains and losses? Here’s how I see it (simplified): Income ... US Client A Assets ... US Bank ..…