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Bank acounts in US dollars (foreign currencies)
- Subject: Bank acounts in US dollars (foreign currencies)
- From: Khalil Foundy <..hidden..>
- Date: Mon, 28 May 2007 06:51:29 -0700 (PDT)
What would be the best way to deal with bank accounts in USD with regards to operations also done in USD and how to keep track of the conversion rates. I think, that for Canadian companies, all operations done in foreign currencies must be converted to Canadian dollars at the time when the operations occure. So different conversion rates might be used. But when you send money from a USD bank account to a CAN bank account an other rate will be used and chances are that this rate could be also different.
So how do you deal with this kind of situations using ledgerSMB.
Thanks a lot for your help.
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