Setup

To transfer funds (foreign to local)

Please note that this task requires that Multicurrency be set up. (Setting up Multicurrency)

The Spend Money window should be displayed.

  1. Choose the currency associated with the foreign account:


    Click the Exchange Rate button to display the Exchange Rate window. Click the arrow next to the Currency field, choose the currency associated with the account you want from the list of currencies that appears and click OK.
  1. From the list of checking accounts that appears in the upper left corner of the window, choose the account from which the funds will be drawn (your foreign-currency account).


  2. Enter the transaction date and the amount being transferred. The amount must be in the foreign currency, not in your local currency. Also mark the Already Printed option if you don't plan to print an actual check.


  3. In the scrolling list, enter the account for the account into which the funds are being deposited (your local currency funds account). Enter the same amount that appears in the Amount field at the top of the window in the Amount column in the scrolling list.


  4. If you want to print a check, click the Print button. If you've marked the Already Printed option to indicate that the funds will be transferred electronically or in some other fashion, click Record.


Related topics