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May 18, 2019
Question

How to record a payment from a debtor that was billed in EU rather than pound sterling ?

  • May 18, 2019
  • 1 reply
  • 0 views
The funds received were in sterling to pay a euro bill how do I record to deal with the exchange variance?

1 reply

Level 10
May 20, 2019

Hi pp3

 

You will need to divide the amount received in sterling by the amount due in Euro's to obtain the exchange rate. When you select receive payment on the customer invoice enter the exchange rate and then the amount in the Total (GBP) box will be reflective of the amount you received.