Enabling Foreign Currency
To enable Foreign Currency
| • | Set the option Allow Multi-Currency to Yes in F11: Features |
Note: Only genuine bank accounts that are maintained in foreign currencies need to have their currency set up in that foreign currency otherwise all other ledgers should preferably be set to home/base currency only.
Based on the above settings, consider a Purchase Voucher entry of an import transaction in foreign exchange and then a payment entry made from a Forex Bank Account.
More:
Example 1: Foreign exchange transaction of an import transaction.
Example 2: Voucher entry of a forex bank payment