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False conversion of foreign currency Accounts

ZoranZoran Member Posts: 1

Hello, I need urgent help!! We have EUR as functional currency in Wave. We also have bank accounts in HKD and USD. I noticed however that in many cases, the converted amounts in EUR are completely false making the whole accounting false. I am attaching a screenshots for reference. Please help!


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edited February 23, 2021 in Accounting Technical Support

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    AlexLAlexL Member Posts: 2,869 ✭✭✭

    Hey @Zoran , thanks for getting in touch. When calculating foreign currency rates, we use mid-market rates from xe.com . You can learn more about this process and foreign currency in Wave through our handy Help Center article.

    Let us know if you have any specific questions about this.

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