Forum Discussion

robinB67's avatar
robinB67
2 days ago

Finance Charges for Foreign currency

For a software package handling multi-currencies I cant work out how to enter a finance charge applied to a payment in USD. I have a USD Bank account,.

For example, I am paying a supplier in the US, USD1500.00. My bank charges USD 6.00 so I allocate the USD1500.00 to the supplier when paying bills but I cant allocate the USD6.00 .

Anyone got a solution?

Thanks.

  • jamesmid's avatar
    jamesmid
    2 days ago

    To effectively enter a finance charge applied to a payment in USD within your multi-currency software, you can follow a simple process. First, njmcdirect allocate the full payment of USD 1500.00 to the supplier as you normally would.