Hi Mark

I raised an invoice on a US company for (GBP) £50, and due to them paying me (USD) $80, this is only worth (GBP) £48.47

How/where do I account for my loss of (GBP) £1.53 please?

Many thanks

Alan

Hi Alan,

Record an invoice payment for the full £50, then create a General Transaction from the Cheque Account to Uncategorised Expenses for £1.53. (If you like you can create a new expense account called 'Exchange Rate Loss')

Regards,

A really quick response as always Mark, many thanks. That will do nicely...........

.......and thanks also for the recent update (another one - for free!)

I'm about to do my quarterly VAT and year end accounts for our 4 companies. This has now become (almost) a pleasure with it only being 1 days work instead of the 3 days it used to take before Solar.

I for one really appreciate the care you take in continuing to get it right.

Best regards, Alan

Hi Alan,

No problem - glad to hear you like our software and support!

Cheers,