How to: Post Transfers Between Bank Accounts That Have Different Currency Codes

After you have set up your bank accounts, you may need to transfer an amount between two bank accounts that have different currency codes.

Note

This topic provides a high-level workflow.

To post a transfer between bank accounts with different currency codes

In the Search box, enter General Journal, and then choose the related link.
On the first journal line, enter Bank Account in the Account Type field.
Enter a bank account in the Account No. field.
Enter the amount, in the currency of the bank account, in the Amount field with or without a minus sign; an amount without a sign is a debit, and an amount with a minus sign is a credit.
On the next journal line, enter the second Bank Account in the Account Type field.
Enter a bank account in the Account No. field.
Enter the amount, in the currency of the bank account, in the Amount field with or without a minus sign; an amount without a sign is a debit, and an amount with a minus sign is a credit.
If the exchange rates used in the journal are different than the exchange rates in the Currency Exchange Rates window, enter a third line for the exchange rate gain or loss. Enter G/L Account in the Account Type field. Enter the G/L account number for exchange rate gain or loss in the Account No. field. Enter the exchange rate gain or loss in the Amount field with or without a minus sign; an amount without a sign is a debit, and an amount with a minus sign is a credit.
Post the journal.