Just wanted to start by saying thank you for a prompt response. I have a few further questions below:
"QuickBooks Online can match one transaction in the banking tab to more than one in your books, so what can be done is you create the transfer from the chequing account to the USD account by going to the +Newbutton, then Transfer. Enter the amount in CAD for the chequing account, then manually adjust the exchange rate in the text box so that the value in foreign currency is total to the amount that was deposited in the second account."
The transfer to chequing account already exists as this account is also linked to QBO. Sorry if this was not clear. Using the above solution with this knowledge I would essentially need to manually recreate the existing transfer and turn it into two separate transactions per say. one for the transfer of funds, another for the expense, Is this correct to say?
Thank you again.
