Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How do foreign currency accounts work?

accounts currency foreign
0
Posted

How do foreign currency accounts work?

0

A. All transactions you enter in these accounts default to the currency of the account. Those transactions are still stored in your home currency, you will see that happen when you go back to the Transaction View. However the Account Totals at the bottom of the screen are shown in the foreign currency so that you can agree them to your account statement.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123