Home› Accounting› Accounting Technical Support

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!


Tagged:
edited February 23, 2021 in Accounting Technical Support

Comments

  • 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.

Sign In or Register to comment.