UnhappyUser7892
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Write off Bad Debts (original invoices in foreign currencies)
I need to write off some historical invoices recorded in one of my client's MYOB AccountRight online file, which were originally issued in foreign currency (USD) & converted to Aust dollars (AUD) at historical foreign exchange rates at dates of invoices being issued. So how should I record the "Bad Debts" via Settle Return & Credits as a negative sale via the Sales Register menu? Do I need to create the matching invoices in negative equivalent amounts in USD or AUD? As there will be foreign currency exchange rates differences - date of bad debts recorded (different from original invoice), do I also need to create a new Expense Account - Realised foreign exchange losses?Solved