Employee payment from foreign currency
US QuickBooks Premier : 2011: Nonprofit
how to pay employees setup in us dollar from a foreign bank account
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ce76otoQCr4izzacwZ5xHE
02/17/11 7:07am PST
Viewed by asker 02/18/11 9:54pm PST
Viewed by asker 02/18/11 9:54pm PST
6 Replies
grextrek
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Questions answered: 3361
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Advisory council of community power users.
02/17/11 7:13am PST
Best Answer - Chosen by the Community
actually its not your duty anymore for the conversion of dollars to foreign bank account as long as the money u send to them is good as cash
If u think this answered your question mark it Solved...Thanks
06/01/11 10:20pm PDT
Hi, first id like to make sure i understand the issue properly - In Quickbooks you have a USD bank account (Home currency USD) and a foreign bank account (for ex. EUR). You need to pay your Employee from the foreign bank account (EUR) but credit them in EUR/USD?
07/28/11 7:49am PDT
Think I have a similar problem but I can't get the my foreign account to show my the balance in that foreign currency. I have one company file and I want to set up two accounts. One account is a local currency account and the other is a foreign currency account (Euro) What I want to see in each bank account the balance as it is in the designated currency or in it's own currency that one in my local currency (which is XCD) and the other in the foreign currency (Euros)
For some reason QB is coverting my foreign bank account balance to the local currency and I really don't want that.
Maybe you can give me some insight as to how you got your two accounts to show one in your local currency (US) and the other in the foreign currency of Euro.
Thank you
Jasmine
07/28/11 9:41am PDT
I think I have a similar problem. I have one company file with two accounts. One is my local currency (XCD) and the other is my foreign currency (in Euros). However I am unable to see the account bank balance in the Euros currency.
QB is coverting the foreign account to the local currency.
Maybe you can give me some insight as to how you were able to set up your foreign account and local accounts.
I await your response.
02/06/12 8:10am PST
Latest post
Just use Journal General Form for employee transaction other than home currency.
