How do I enter a journal entry in foreign currency?
IgorBar
Member Posts: 2
I'm trying to add a journal entry that would record an exchange from my USD account into my CAD account. Both accounts belong to me and when I try to add it as a journal entry I have a difference due to the exchange rate, and therefore cannot save the journal entry. The USD account on Wave is marked as USD while another one is a CAD, regular bank account. Please let me know what workaround would you suggest for such a simple scenario. Let's say I transfer US$1,000 from my USD account to my CAD account which is translated into CA$1,290. When I try to create a journal entry I have a CA$290 difference and thus cannot save it. How do I register it to save this journal entry and make my accounts balance?
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