Paying USD invoices with an account credit paid in GBP

[Glenn]

@CraigL

I do get the option if I manually Add a Credit from the client area but if I do that, I have no link to the bank transaction.

It will create a new Tagged transaction on the bank when you post a credit. You then remove the other one.

@CraigL

Also, forgot to add, we receive single GBP transfers that settle invoices across multiple currencies. I.e. a payment of 5,000 GBP could be paying a USD invoice and a AED invoice.

Is this a Forex account? If it is then you actually need to create bank accounts for each currency you’re dealing with and rather than tag the payments from the Sterling account, tag as transfers to the respective Forex accounts. You then split up and pay all your invoices from there.

There’s a post here on FX accounts

I should warn you it as a more complex aspect of bookkeeping so will require some time to digest and test the setup.