Gain on receiving payment from a customer

I'm here to provide immediate assistance in guiding you on how to properly record a gain from a payment received due to a currency exchange rate difference, ZaZA.

First, record the payment (1050$) to associate it with your customer's invoice. Here's how:
 

1. Go to the + New button and select Receive Payment.
2. Select the customer name in the Customer field.
3. Invoice/s will generate under the Outstanding Transactions section, make sure to tick the correct one.
4. Enter the 1050 in the amount received field.
5. Click Save and close.
   

Next, create a journal entry to track your data workflow and maintain accurate financial records.

1. Still, go to the + New button on the navigation bar.
2. Select Journal Entry under the Other section.
3. Fill in the journal entry details.
4. Save the journal entry by clicking the Save and close button.

If you need guidance in this process, I highly suggest consulting with an accountant or financial professional. They can provide valuable insights and help you keep your data accurate.
 

Additionally, you can read this article about creating home currency adjustments in QuickBooks Online: Enter home currency adjustments for your foreign balances.    

Feel free to reach out anytime if you have further questions or require guidance on recording transactions in the program. Have a wonderful day!