Example: Different Bank Account Currency

In this example, the company and transaction currencies are the same (CAD), but the monetary bank account currency is different (USD). A non-monetary transit account is required.

On the Enter Statement form, enter values in the fields as indicated:

Field	Value	Explanation
Amount	USD	The transaction amount, converted by the bank to the currency of the monetary bank account.
Currency Code	CAD	The currency code of the original transaction.
Foreign Amount	CAD	The original transaction amount, which is not the same currency as the bank account.

When you run the Bank Journal Statement Process program, the system creates these entries, if applicable, for the transaction type:

• AA ledger entry in CAD (company currency).

• CA ledger entry in CAD (transaction currency).