When you bill your customer in Euro dollar and they paid you in USD, the system need to convert the USD to Euro dollar equivalent to offset the Euro dollar invoice ,
at the same time, need to convert the Euro dollar transaction into Singapore dollar for reporting purpose.
It could be a customer you billed in MYR and this customer paid your company in USD, anything except in the currency you bill them.
At [ A/c Entry], click [Receipt] ,
Click [From Cust]
When you receive USD , choose your USD bank fast code , enter the USD amount and the exchange rate. (USD against EUR)
Enter any bank charges if any and force the balance amount to the full invoice amount by changing the rate (0.85213...), if it is in full settlement.
The USD amount is converted into EUR amount and used to offset against the EUR invoice amount.
Next, learn how to do a customer's returned cheque
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http://realtimme.cloudapp.net/basic/index.html?Cross_Rates_Rec.htm
