Example: Different Transaction Currency

In this example, the bank account is a non-monetary bank account, the company currency is CAD, and the transaction currency is USD. A non-monetary transit account is optional.

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

Field	Value	Explanation
Amount	CAD	The transaction amount, converted by the bank to the currency of the company associated with the non-monetary bank account.
Currency Code	USD	The currency code of the original transaction.
Foreign Amount	USD	The original transaction amount, which is not the same currency as the currency of the company associated with the non-monetary 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 USD (transaction entry).