Good day,

With the regard to the query, Please note that you only process the transaction from one Bank. You may do this from the foreign bank entering the amount you are transferring from a foreign bank and edit the amount that is going to the home currency Bank. The loss or Profit on the transactions will go to the Realised Gains / Losses account which is the system account.

If you would receive the $1000 on your Foreign Bank from client and the exchange rate is R17.556

You are transfer the $1000 to your Home Currency but the exchange rate has change now to R15.00 you can just enter the $1000 under your spend amount on the Foreign Bank spend and Change the Home currency to the amount you received in Home Currency amount.

Please note this transaction you will do on one Bank, If you are using Bank feeds you will need to remove the Transaction pulled the other account.

I trust you find the above in order.

Kind Regards

Thanks for the reply, however their some grey area i would request for more explanation.  please allow me to give a real situation and please help me on how I should handle it.  

I have three bank accounts in the system namely USD, Rands and Zambian Kwancha.  So we transfer USD 1,300.00 to Kwacha A/c and we received K17,111.9 on Kwacha A/C at the rate of K13.1936 per Dollar.  when I process this transaction from the Dollar Ac the Kwacha receives more. My question is how do I process this entry?

Good day

Please note that the loss on Foreign Exchange Rate will be processed automatically to the account (Realised Gains / Losses) which is a system account. You are not able to process directly to the Account, the system does the transaction for you.

I trust you find the above in order.

Kind regard

Eliazer

Thanks for the info pipo...