Example: Different Company, Bank Account, and Transaction Currencies

In this example, the currencies are different for the company (CAD), monetary bank account (USD), and transaction (EUR). 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	EUR	The currency code of the original transaction.
Foreign Amount	EUR	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 EUR (transaction currency).