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Receive a different amount from customer invoice total due to change in FX
QuickBooks Premier: 2009: Accountant
11/5/09 9:07 AM, Viewed by asker 11/5/09 1:40 PM
Total Views: 31
11/5/09 9:07 AM, Viewed by asker 11/5/09 1:40 PM
Total Views: 31
I have an invoice recorded for X amount (as a USD equivalent of a different currency). When I receive this a payment from the customer, the amount is usually different than the invoice amount because of the change in FX rate. How can I apply the difference to a FX gain/loss account?
All Replies: Answers (1)
Rating + 5
Answer
11/5/09 12:42 PM
If you receive less: when you record the receive payment, click on Discount. Give a discount of the difference and put it in the FX gain/loss account.
If you receive more: set up a new invoice with an FX gain item. The item should hit the FX gain/loss account. The total payment should pay out both the original and the new invoice.
I hope I could help.
Reka
