U.S. Bank to Mexican Charity

As I slog my way through to a functional QBO configuration, you all have been extraordinary.

The next issue:

1) We are a church in Mexico.  Our QBO home currency is MX.

2) We have a sister U.S. 501(c)(3) and through it, a U.S. bank.  That's one of our QBO accounts and it is electronically linked to the bank.

3) Pre-QBO, periodically (12 times each year) we have sent money to a Mexican charity as a benevolent gift.

4) One of the downloaded transactions from the bank is such a transfer - which usually takes place via PayPal.  I do NOT intend to set up a PayPal QBO account because we hope eventually to stop using PayPal.

5) I wrongly assumed that if I set up a Mexican charity (which uses $MX) then in QBO I could take the downloaded transaction and send it to the Mexican account - but I got this message:

"A customer/vendor you selected is set to Mexican Peso, but the category you selected is set to Mexican Peso. The currencies need to match in order to post. Choose another category or add a new one for this currency."

My readings on this and other sides gives me the following idea:

-   Ignore the downloaded transaction for the moment.

-   Set up a "Clearing House" bank account (currency MX) in QBO

-   Transfer the amount of money from our U.S. Bank QBO account to that Clearing House.  It will use the transaction date exchange rate.

-   Then execute an Expenditure from the Clearing House bank account to the Charity Account.

-   Finally, if it would work, match the downloaded transaction to the transfer.

Would this work?  Is there a better way?

Thank you!