Forex transactions on my INR credit card appear on my account as multiple records (INR converted amount, bank fee, tax). How do I account for these in QuickBooks?
I know that your books will look tidier if you only see a single expense for each record. However, there isn't a feature that will combine bank transactions into one. Besides, this happened in the actual. Why not keep them this way, and add them individually so you won't have issues during reconciliation?
If you have a lot of forex transactions, you can use a bank rule to automatically categories each record. One for the converted amount, one for the bank fee, and one for the tax.
Here's a sample bank rule for the bank fees:
Click on Banking and choose Rules.
Choose New Rule.
Enter the details of the bank rules like in this screenshot.