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Let me share some insight about how you can match your partial payment to your bill and your foreign currency.
Before we can see the payment column, let's make a dummy bank account to facilitate the movement between the two different foreign currencies. Here's how to do it:
Once done, let's proceed to record your payment.
In the Pay bills page, set the Payment account field to Dummy Bank. Before saving the transaction, take note of the home currency (SGD) amount displayed at the bottom right. For example, I received USD 1000 payment for the bill, and this gives me CA 1382. Next, weβll have to transfer this CA 1382 from EUR bank account to the Dummy Bank.
Then, here's how to match your partial payment to your bill and foreign currency. Please follow these steps:
I'll drop this article for more details on how to reconcile your accounts: Reconcile an account in QuickBooks Online.
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