Bump... ...Any suggestions please?
Ed W Ed W wrote: > OK, so I have only sterling bank accounts, but I have an invoice from a > supplier in USD. I go to the bank and buy dollars using sterling and > then wire the money to the beneficiary > > ....Now how to best enter this into the accounts system > > I had previously been taking the rate that I got on my USD transaction > and converting the invoice into stering at this rate, but it's awkward > and error prone. I now want to use the accrual type system and an FX > account. > > So I enter in the invoices in USD. I then use the "payment" function to > pay the invoice in USD, which I believe will leave me with a calculated > GBP amount against my cash account. Now the remaining bit is how to > post the balancing item into an FX reserve account so that the correct > amount of GBP is shown...? > > Can anyone talk me through the best way to do this last step please? > > Cheers > > Ed W > > ------------------------------------------------------------------------- > Take Surveys. Earn Cash. Influence the Future of IT > Join SourceForge.net's Techsay panel and you'll get the chance to share your > opinions on IT & business topics through brief surveys - and earn cash > http://www.techsay.com/default.php?page=join.php&p=sourceforge&CID=DEVDEV > _______________________________________________ > Ledger-smb-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/ledger-smb-users > ------------------------------------------------------------------------- Take Surveys. Earn Cash. Influence the Future of IT Join SourceForge.net's Techsay panel and you'll get the chance to share your opinions on IT & business topics through brief surveys - and earn cash http://www.techsay.com/default.php?page=join.php&p=sourceforge&CID=DEVDEV _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
