Example: Different Company Currency

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

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

Field	Value	Explanation
Amount	USD	The transaction amount, which is the same currency as the monetary bank account.
Currency Code	USD	The currency code of the transaction. The default is the currency code of the monetary bank account (USD).
Foreign Amount	blank	Not applicable.

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 USD (transaction currency).