Accounting is available on Pro and Prime plans
You can create an account in foreign currency for the following account groups:
- Cash & Cash Equivalents.
- Credit Cards.
- Loan Payable.
- Long Term Loan.
- Sales Tax Payable (automatically created when a new tax ID number in foreign currency has been added).
Accounts Receivable and Accounts Payable accounts are multi-currency accounts.
You can record internal transfers between money accounts in any currency.
For the rest of the transactions which are not internal transfer you can select the same currency or base (company) currency account.
Invoice payments and expenses have to be paid in the currency of the document (eg. invoice) so that it can be matched in the account transaction list.
Internal transfers between two foreign currencies will be recorded with cross rate calculation based on the sent account currency.