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pargrey


Veteran Member

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currency conversion charge
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Hi

Could anyone please advise, we've bought some goods and the invoice is in euros then converted to GBP. The total on the invoice is £141.31 but the payment that has been taken is £146.31 and my question is how do I post the £5 currency conversion amount to sage accounts.

 

many thanks

Sue



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Cheshire


Master Book-keeper

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Depends how you are processing the rest of it, just as a payment or have you raised a suppliers invoice? Sage....which one ...one or 50?

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
pargrey


Veteran Member

Status: Offline
Posts: 44
Date:
Permalink Closed

Hi

I have a supplier invoice and I'm using sage instant accounts

 

thanks



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Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

Hi
Raise a credit note to the supplier for the amount of thenBank charges and code it to Bank charges. Then key supplier payment in usual way but link to both the invoice and the credit note.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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