MYOB Logo

International transactions > Miscellaneous transactions > Entering foreign-currency transactions in a local account
1
Go to the Sales command centre and click Receive Payments. The Receive Payments window appears.
2
Type or select the customer in the Customer field. Details of Donelli’s purchase appear in the window.
3
In the Deposit to Account field, type or select your local-currency account.
4
Click Rate:GBP. The Exchange Rate window appears.
5
In the Transaction Exchange Rate field change the rate from $2.5 to $2.3.
6
Click OK. The Receive Payments window reappears.
7
In the Amount Received field, type 5000.
8
Click in the Amount Applied column and then press Tab.
The Out of Balance field displays £0.00. The Gain/Loss field shows the a loss (in local currency) as a result of the new exchange rate. This amount is posted to a currency gain/loss account.
9
Click Record.

Click to show more information

Top of page