Hi.

I Have my supplier that invoices me in USD, I Pay duties and transport to UPS, Enter the invoice and inventory in Purchases, but when I Check paid by Visa I get confused and stop, Because Visa account is CAD, visa makes exchange and converts to CAD. example 100 usd = 102.5 CAD, there is 2.50 where this should go, It makes sense to think it is the cost of the inventory.

Any hint about the stracture and how to process.

 Geocan:  Does your Visa statement separate out the currency exchange rate and or fee?

 On the statement shows, les's say supplier pass usd transaction $100.00 on the monthly statements shows example  "xxx,   100usd "     =102.50

Hi,

Make sure you've set your company up to allow transactions in foreign currency (Setup/settings/company/currency, and also include a Currency Exchange & Rounding account) and then go to the supplier account and under Options, select USD under Currency. Then when you write up an invoice, there will be a box at the top right asking for the currency conversion-enter 1 for now and then when you get your statement, go back to the invoice and adjust the amount with the conversion amount on the statement. This should give you the correct amount you've paid, with any slight difference going to the Currency Exchange & Rounding account.

I hope this helps.