We as a company recive cash payment for our product we do not invoice them for our sales they use an application form. Some customers pay either into our euro or dollar a/c. How do i post the exchange rate variance for reconciling purposes.
Ok I had a mind blank and I realised what the journal entry was. However Sage does not allow me to post the journal. the message reads: You cannot post journal transactions against non base currency bank accounts. Any ideas what this means.
I am converting from euro to gbp for the sage account.
