foreign currency transfers
Options
Felicity_9228490
Member Posts: 5 ✭
Using Reckon Accounts Hosted I am trying to do a transfer between two foreign currency accounts (the same currency) is this possible? Or do I have to do a two transaction process so that the home currency amount can be recorded as well.
0
Comments
-
Reckon will let you transfer amounts between foreign currency accounts of the same currency. You don't have to do a two transaction process.0
-
How do I get it to account for the correct home currency account to ensure the balance is correct? It appears that if I use the exchange rate it changes the amount on the other bank account but when I use exchange rate of 1 it throws the home currency balance out?0
-
sorry I thought you said that the 2 accounts were both foreign currency accounts, eg. USD. If that is the case you don't need to apply an exchange rate in the transfer transaction. As long as the currencies are the same then it is 1:1 rate.
I don't really understand your 2nd sentence about the effect on the home currency.0
Categories
- All Categories
- 6.9K Accounts Hosted
- 11 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.2K Reckon Payroll 🚀
- 20 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3.1K Reckon One
- 7 📢 Reckon One - Announcements
- 11 Reckon Invoices App
- 14 Reckon Insights
- 114 Reckon API
- 830 Payroll Premier
- 326 Point of Sale
- 2K Personal Plus and Home & Business
- 74 About Reckon Community