Currency Bank Prefs


Bank Prefs lets you choose default and automatic accounts for banking transactions.

Set Currency Gain/Loss Category in Bank Prefs to your Currency Gain/Loss account. Payments from customers and Payments to vendors will then post using this account.

This account shows on your Profit and Loss Statement to reflect rate changes occuring between pricing on an order and pricing on payment when converted to your currency.








Related:

Next: Currency A/P Account

  Chapter 352 Setting Up Currencies

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