QB Issue Resolution:
You need to create a clearing account for your transfers from two foreign accounts. I’d love to help you with this.
Currently, transferring funds from two foreign accounts is not possible.
As a workaround, you’ll first need to create a clearing account with your home currency to transfer funds successfully. Here’s how:
- On the left panel, hover your mouse on Accounting, and choose Chart of Accounts.
- Click on New.
- Select Bank under the Account Type drop-down.
- Select the Detail Type.
- Enter Clearing Account on the Name field.
- Choose your home currency under the Currency drop-down.
- Click on Save and Close.
Once done, you’ll need to transfer funds from EUR account to the clearing account you created. Then from the clearing account to the USD account. Note that the amounts should match to get the exact value of funds.
Resolution for Issue 'Hello , I need to record a money transfer from AUD bank account to USD bank account. Ho to handle this record is correct way and exchange gain or loss have been recognized ? Thank you in advance, Roman' available: Yes (Solved).
Source: Intuit Community forum.
Hello , I need to record a money transfer from AUD bank account to USD bank account. Ho to handle this record is correct way and exchange gain or loss have been recognized ? Thank you in advance, Roman: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Banking
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