Recorded bank pairs support same-currency transfers. A transfer between accounts in different currencies needs its own balanced journal treatment, including the conversion evidence relevant to the company’s accounting.
- Check the currency on both recorded bank legs.
- Gather the transfer confirmation showing the source amount, received amount, and any charges.
- Use the supported journal workflow with an authorized reviewer to record the actual event.
A similar numeric amount is not currency agreement
An amount of 500 in one currency is not the same monetary value as 500 in another currency. The exact-pair workflow should not be forced by changing a source account’s currency or editing the imported amount.
Keep each bank leg associated with its real account and reported currency. If a feed or import appears to have the wrong currency, resolve that source issue before accounting for the transfer. The presence of both legs in Recorded books does not make a currency conversion eligible for the same-currency shortcut. Inspect the completed journal and later reconcile each account to its own statement. This article describes the product boundary; the specific accounts and conversion treatment should follow the company’s approved accounting review rather than an assumed universal entry.
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