hi there
So this is my current account situation (temporarily, everything will be moved to business accounts in future):
#1. Checking account-USD (business)
#2. Checking account-AUD (personal)
#3. Credit Card-AUD (personal)
I purchase stock with #3 to sell to customers.
I receive revenue from stock sold in USD into my #1. This USD is then transferred to #2 with foreign exchange. It is then finally used to pay off #3.
In my Quick Books, I have #1 and #3 set up with the revenue/expenses/transfers categorised.
However, how do I record/categorise my repayment from #1 to #2 and then to #3?
Because categorising the withdrawal from #1 to repay credit card #3 is not allowed due to different currencies.
