Foreign Exchange Brokers / FX Accounts

I have an FX broker. When I receive a Euro invoice I want to set the exchange rate with them and buy the currency [transfer the correct sterling]. Payment is then sent from the broker.

  1. How should I set this account up within Quickfile?
  2. The same broker would be used for receipt of commissions from Euro > Sterling

I was looking to open this Broker as though an account in banking - but can’t see any FX account option.

Guidance very welcome to help me set this up correctly. Thanks in advance. Guy

I did answer a similar post about one month ago now on this subject with a detailed series of steps. Unfortunately I can’t find the post now, I’ll keep looking but in the mean time if you put “FX account” into the search there are a few related topics that may help.

EDIT:

Here it is:

http://community.quickfile.co.uk/t/usd-to-gbp-posting-not-balancing/3103/

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