HOME / COMMUNITY Switch to knowledge base

Create Loan account in USD

How do I create a foreign currency nominal code / loan account?

Thanks

All nominal accounts in QuickFile are in GBP, so if you want a foreign currency loan it will have to be represented as a bank account. The bank account will maintain a balance in the foreign currency, the backing nominal account will be the GBP equivalent.

Thanks, appreciate the help

It should work fine as a bank, just isn’t aesthetically pleasing :slight_smile:

This topic was automatically closed after 7 days. New replies are no longer allowed.