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Replying to:
rludwig
Level 1

AUD to USD

Hello, 

We have two currencies in our Quickbooks online. One is USD, our home currency and the other is AUD. We have a USD account and an AUD account. 

Our client paid us in AUD and the fund was deposited into our AUD account. After I matched the AUD payment to the AUD invoice, I transferred the AUD into USD and deposited the USD into our USD account. 

How do I record both my transactions in my AUD and my USD account? 

 

A bit more details about what I am looking for to solve. 

In my AUD account, now it shows : -$2800. 

My USD account, it shows: $2100. 

The AUD -$2,800 is the USD$2,100. 

 

I tried to create a dummy account in USD to record the transfer. But the dummy account will show -$700. It does not look right to me. Please advise. Thank you.

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