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October 15, 2024
Question

Money transferred from US to Canadian account

  • October 15, 2024
  • 1 reply
  • 0 views

How do I record money transferred from US account to Canadian account? Do I have to make journal entry for this and how do I reconcile both accounts?

1 reply

October 15, 2024

Hi there,

 

Glad to have you back in the Community. I'll be glad to share more info so you're on the right track with recording your transactions. 

 

Entering your transactions the right way is essential for ensuring your books remain accurate. I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in.

 

In the meantime, feel free to check out the following resource:

  • Reconcile hub

Let me know if this info helps. I'll be a message away.