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Level 1

How can I clear a sales invoice raised in a different currency than payment currency? For example invoice currency USD and payment currency GBP.

 
3 REPLIES 3
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QuickBooks Team

How can I clear a sales invoice raised in a different currency than payment currency? For example invoice currency USD and payment currency GBP.

Hello luiza-ciuches-sh,

 

Thanks for reaching out to the Community!! Is this a transaction in the banking section in GBP paid into a GBP  bank account? Do you have a GBP chart of account bank account or only \USD?

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Level 1

How can I clear a sales invoice raised in a different currency than payment currency? For example invoice currency USD and payment currency GBP.

Hi EmmaM, Thanks for your response.

Yes, this is a transaction in the bank, paid into a GBP bank account. The chart of accounts is in GBP.

Highlighted
QuickBooks Team

How can I clear a sales invoice raised in a different currency than payment currency? For example invoice currency USD and payment currency GBP.

Hi there, luiza-ciuches-sh.

 

When recording the received payment, we are only able to use the home currency bank account or the bank account with the currency that matches the Invoice.

 

Because of this, you can exclude the downloaded payment from the GBP account. Then, create a new wash account and create a bank deposit for the payment. Once done, transfer the payment to the USD account. Here's how:

 

  1. Click the + New button and select Transfer.
  2. Select the wash and the USD bank account.
  3. Enter the amounts.
  4. Click Save and close.

In addition, here's an article you can read to learn more about recording a bank transfer: Transfer Funds Between Accounts.

 

Once done, open the invoice and click Receive payment. Then, look the transaction that was transferred fro the wash account. 

 

Let me know if you need anything else. We're always here to help.