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Sam1213
Level 1

Receiving 1 payment made up of 3 currencies

Hi there! 

 

So one of the online B2B marketplaces I sell through sells to the US, EUR and UK. 

They invoice me in the correct currency for each of the areas so I set up separate customer accounts in QB to allow for this. However, I have received a payment made up of invoices of GBP, EUR and USD. 

How do I start allocating this payment to the 3 different customer accounts and in 3 different currencies?

Oh and they also take commission which is also set to the currency for the Country of the customer.

 

For example:

One order for UK £300 minus £25+VAT fee

Second order for US $289 minus $30(NO VAT) fee

Third order for EUR 155EUR minus 15EUR (NO VAT) fee 

 

All paid in one payment!!

 

I doesn't help that they do not acknowledge what the exchange rate for each of the currencies is on the day of payment!

 

Please help!

3 Comments 3
Fiat Lux - ASIA
Level 15

Receiving 1 payment made up of 3 currencies

To which marketplace do you sell your product?

Sam1213
Level 1

Receiving 1 payment made up of 3 currencies

It is an online B2B marketplace

Fiat Lux - ASIA
Level 15

Receiving 1 payment made up of 3 currencies

name? You may need to have a connector to QBO if required.