bcd1
4 years agoExperienced User
Using USD bank account to pay USD invoices
I am using Account Right 2021.1.1. I have a client who has a USD bank account and pays USD invoices through it. When processed through MYOB using USD currency and USD bank account it still wants the AUD conversion rate. Given that the invoices are in USD not AUD and that they are being paid through USD bank account I don't know why they should be converted to AUD. Is there a way around this or is it the way it needs to processed.
Thank you for any assistance.
Kind regards
BCD1
Hi bcd1 , the general ledger is maintained in local currency, so every foreign currency transaction has an exchange rate. Both the invoice and payment have one.