Forum Discussion

bcd1's avatar
bcd1
Experienced User
5 years ago
Solved

Using USD bank account to pay USD invoices

I am using Account Right 2021.1.1. I have a client who has a USD bank account and pays USD invoices through it. When processed through MYOB using USD currency and USD bank account it still wants the ...
  • Mike_James's avatar
    Mike_James
    5 years ago

    Hi bcd1 , the general ledger is maintained in local currency, so every foreign currency transaction has an exchange rate. Both the invoice and payment have one.

jenniek's avatar
jenniek
Ultimate Partner
5 years ago

Hi bcd1 

If you don't want/need an exchange rate fluctuation - then the invoice and payment should be the same exchange rate.

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Level up your skills using MYOB software.

 

Find help guides and technical solutions for all MYOB products here

Explore video tutorials for our software at the MYOB Academy here

 

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.