Home – New Forums Money matters xero- how to record currency fair transactions Reply To: xero- how to record currency fair transactions

#1189790
sbears
Member
  • Total posts: 10
Up
0
::

Hi Karen,
I have just sent a message to Xero as well. I’m assuming they don’t work over the weekend.
I have recorded foreign transaction based on the way it is described in the ATO link.
But using currency fair we transfer x dollars that may be more than the supplier bill to make sure we will end up with enough to pay them, and the actually amount gets paid from within currency fair.

So when it come to match the invoice to the payment, I don’t have an actually outgoing that matches.

I’m thinking I need to create a Currency Fair bank account, (possibly 2) to reflect the transactions made there.