MoneyWorks

Entering a Foreign Currency Transaction

Foreign currency transactions are entered in the same manner as other transactions. The key point to note is that the transaction currency is determined by:

• The currency of the debtor/creditor for an invoice, or a payment on invoice;
• The currency of the bank account for a receipt/payment.

Note that all values on the transaction are considered to be in that currency. Thus an invoice for 100 units of currency made out to a US customer is considered to be USD 100, whereas an invoice for 100 units of currency made out to a Canadian customer is considered to be CAN 100. The transaction currency (and rate) is shown on the Exchange Rate button in the top right of the transaction.