Invoice in EUR, payment in AUD

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As a global community we enable our members to pay their membership fees in their local currency although billed in our standard currency. Therefore we use a Transferwise multi currency account

For such an invoice in EUR we got a payment to our AUD account. To register the payment it is not possible to tag the AUD account as receiving account.

How to handle easiest?

2

Hi @mhicic

The way to handle this would be to create a GBP holding account in the middle, which would help with handling the exchange rate as all the reporting in QuickFile is done in GBP.

This thread may help: Foreign currency payments allocation to another foreign currency invoice

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