Please see the attached document at the end of the article for instructions on using foreign currency.
Note
Please not you cannot create Account Payables in foreign currency (FX), so the best option for these Foreign Currency expenses may be to enter them as payments to your Foreign Currency bank account and coded directly to the expense account without entering the Accounts Payable.
If code a payment from a Foreign Currency bank account directly to a Home Currency expense account it will show in the expense account in the Home Currency as shown in the below example where I have prepared a payment for $5,000 USD with an FX rate of 1.5 and it shows in the expense account with the AUD value of $3,333.34.
Links to Foreign Currency articles
How do I configure Foreign Currency Exchange Rate?
Can I import transactions to a Foreign Currency Bank Account?
How do I enter and realise a Cash at Bank at Date of Appointment Asset in Foreign Currency?
How do I transfer funds from Foreign Currency Account transfer to Cash at Bank?
How do I setup Foreign Currency Creditors and pay Dividends?
I have received a Non Zero Balance warning. How do I prepare a Foreign Currency Gain/Loss journal?
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