I have various foreign currency accounts (in some cases created by spend cash back having used a Wise debit card in that country). One of these was HKD - a very small amount. I tried to get rid of it by transferring it to the GBP account. The bank feed is active and shows zero balance but the balance sheet shows that same bank account with a very small credit due to the small fees charged in the transfer (receiving account got the net amount). How do I get rid of it? I am sure I have the same issue on other accounts (euros to GBP) but as there are non-zero balances there it is not so obvious.
Hello @RichHunt
Please see * Journal out a currency loss/gain in a foreign bank account
Thanks but that then inserted itself in the bank account to now show an incorrect negative balance.
Hello @RichHunt
Did you use the options below as thy only affect the GBP balance rather than the foreign balance?
You are correct - I had not done it properly. Thanks