How do I record a payment for an invoice that I received to a different foreign currency account?

Currently, recording payment for a customer in a different currency other than the customer’s currency or base currency is not possible. However, to keep your books intact, you can follow the below workaround:

• Manually record the Invoice payment in the customer’s currency (say GBP) to the Undeposited Funds account
• Provide the appropriate exchange rate for customer’s currency and base currency while recording the payment.
• Now, the Undeposited Funds will have the payment amount in the base currency (USD).
• You can move this amount to the required foreign currency bank account (say EUR), providing exchange rate for EUR and USD, by recording a “Transfer To Another Account” transaction.

To record a “Transfer To Another Account” transaction, please follow the steps below,

• Navigate to the Banking module and select the Undeposited Funds account from the list.
• Click on the Add Transaction button found on the top right corner of the page.
• Select Transfer To Another Account under Money Out.
• Enter the relevant details and click Save.