I have an receipt that is in HUF, and it was paid from an account that is in USD. My USD / GBP / HUF account is set up to connect to Wise automatically.
The problem is that when I set the purchase to be HUF currency, I have two options:
a, log the transaction as if it happened from my HUF bank account, or
b, log it in GBP account.
But neither of them is correct. I would need to be able to log it in the USD bank account.
Please advise.
Hello @ark
QuickFile does not support foreign-to-foreign payments - you can pay a foreign currency invoice from either an account in the same currency as the invoice or an account in GBP, but not directly from an account in a different non-GBP currency.
The simplest workaround would be to tag the money out of your USD account as a transfer to a spare GBP account like your director loan, then “log payment” on the HUF invoice from the same GBP account. If you make sure that the GBP amount you enter for the client receipt matches the GBP calculated for the bank transfer then everything should balance off nicely.
Thank you Steve, this does sound like a viable workaround, but given that most of my transactions are foreign-to-foreign, sounds like a tedious process.
Are there any plans to support this use-case without workaround?
Hello @ark
I have only had a handful of queries about it over the years. so it does not seem that common so no immediate plans.
By all means you can raise it as a feature request, that way other users can vote on it and we can view the demand
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