Hi Patty,

I would advise that if you have received a refund from the bank for an incorrect exchange rate then I would personally post this into your Exchange Rate Variance nominal code. Ours is currently set at 7906 but as it's Bank Charges & Interest then it would need to be in the 7900 codes.

Same applies to the second question, it might be worth setting up a new nominal code in the 7900s for cashback received credit card transactions. It all falls under the same category in the P&L reports anyway.

If this has answered your question please click More > Verify Answer.

Take care,

Brad

Hi Patty,

I would advise that if you have received a refund from the bank for an incorrect exchange rate then I would personally post this into your Exchange Rate Variance nominal code. Ours is currently set at 7906 but as it's Bank Charges & Interest then it would need to be in the 7900 codes.

Same applies to the second question, it might be worth setting up a new nominal code in the 7900s for cashback received credit card transactions. It all falls under the same category in the P&L reports anyway.

If this has answered your question please click More > Verify Answer.

Take care,

Brad