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Hi all, newbie here:
There are 2 issues I am having with US$ bank accounts set up in Canadian companies:
1) When I try to book a transfer from/to a US$ bank account (set up as a US$ GL account) to/from a CDN$ bank account (set up as a CDN$ GL account) between companies or within the same company.
2) When I try to book transactions, such as bank charges, in a US$ bank account that is set up in a Canadian company.
For bank transfers between companies, I would normally use the bank transactions function, book either an increase or decrease to cash, and use the intercompany account as the offset. I would do the same thing in the other company. When I try to do this in the US$ bank account, it does not allow me to book anything in the intercompany account because the intercompany account is set up as a CDN$ GL account. What I have done in the mean time is set up an equivalent intercompany account but as a US$ account and book the entry that way. Is there another way to do this?
Also, how would I book a transfer from a US$ bank account to a CDN$ bank account within the same company? I usually use the bank transfer function to do this, however it does not allow me to between US$ and CDN$ bank accounts.
For booking general transactions such as bank charges, I am also having difficulty booking to the bank charges account, again, because it’s set up as a CDN$ GL account. How would I go about doing this?
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