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So our US Bank Account 10250 is showing the correct foreign balance of $20609.18, but is showing Canadian credit balance of $1812.00, and it should be a Debit balance of 26315.86.
Any help of which accounts to credit and which ones to debit?
I need some one to tell me exactly how to post this, we are a Canadian company so our home currency is CAD, I have a USD Petty Cash account, and the USD amount is correct at $5000, but the CAD amount is showing $7567.73, the exchange rate is 1.30133,…
Hi,
Our home currency is CAD. We have a USD bank account and a Euro bank account. We transferred funds from USD to Euro. How to best handle this transaction?
Thank you
We have a USD account for Paypal. We enter the relevant date and exchange rate in the list used for that purpose (under Settings / Company / Currency). For example, at 30 Dec 2016, the Bank of Canada rate is C$1.3427 = USD$1.00, and in the FX list, we…
RadioHam said: Sometimes I pay myself a dividend in US$ direct from that account
RadioHam said: but the books are not in agreement with the bank
You could think of the way the US$ account is stored in Sage 50 as two separate 'adding machine tapes…
Foreign Exchange on P&L
Hi all,
There is a credit balance of foreign exchange account on the P&L of the company I work for. The owners aren't sure what it is, but i think it's a part of accounts payable that hasn't been paid (in simply), and it…
g2685516 said: I have setup duplicate suppliers with a US identifier and set their currency to USD.
That's the best way, Sage 50 doesn't allow multiple currencies from a single supplier (or customer)
g2685516 said: When I put the exchange rate in…
Using the exchange rate of 1.0908 USD : 1.0000 CAD, you would receive:
$35,682.00 USD, worth $38,921.93 CAD for the sale, plus
4,638.66 USD, worth 5,059.85 CAD for the sales tax, totalling
$40,320.66 USD, worth $43,981.78 CAD altogether.
You could…
