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Good day, Julieanne-juille.
Once a payment is recorded without any errors, there's no reason for an adjustment. Though, QuickBooks Online has a home currency adjustment feature. This helps you keep track of the changes in exchange rates on the foreign balances. You can check this article for more information: What are Home Currency Adjustments?.
Please let us know if you have more questions. We're just a comment away.
Hi Kristine, the debtor paid in USD when he is an Australian company and should have paid in $AUD. How do I record the payment ( which has gone to our USD bank acc) in $AUD?
Thanks for the detailed information, Julieanne-juille.
Once it's paid using a different currency, it should go to the correct currency's bank account. What we can do is to transfer the payment from the USD bank to the AUD bank. Here's how:
You can get back to this thread if you have other concerns. Have a good day!
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