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frugal
January 4, 2022
Question

Foreign currency bill with multiple payments

  • January 4, 2022
  • 1 reply
  • 0 views

I have a bill in USD and home currency is CAD.

Payment was made in two separate foreign currency transactions with a credit card.

How do I link both of the foreign currency transactions in the credit card transactions ledger to the bill?

I have made bill payments against the same credit card and manually entered the exchange rates to match the exact values in the credit card statement, but the transactions do not appear in the Match Transactions window.

What is the correct workflow here?

Any help would be appreciated.

 

1 reply

J
JamesM4
January 5, 2022

Hello frugal, 

 

It's great to have you reach out to us here. QuickBooks is designed to help you get ahead with your work. I'll be happy to provide more details and help steer you along the right path so you can achieve your QuickBooks goals. 

 

It's important to note that the option to match transactions appears on a transaction in a foreign currency feed only when the amount is the same to what's in QuickBooks and the transaction in QuickBooks has no payments applied to it. The foreign currency feed recognizes open transactions without any payments against it. It's vital that these amounts are the same. This would explain why the transactions aren't appearing in the match window. I can see the benefit of being able to match transactions in foreign currencies and I encourage you to send feedback about this to our engineers. You can send feedback by clicking the Gear icon and looking for Feedback. 

 

In the meantime, feel free to check out this article with more info on how: Categorize and match online bank transactions in QuickBooks Online. Feel free to ask other questions. I'm here to help. 

P
PhilipReynolds21
March 9, 2023

Hi James,

Ok, understand, but now the question is how do you deal with it?

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