Deal with currency losses and gains

When dealing with currencies other than your home currency you’re likely to encounter losses and gains as a result of foreign exchange fluctuations (known as FOREX losses and gains).

To avoid invoices and purchases being recorded as underpaid or overpaid you can use Settle Invoice on invoices or purchase receipts.

These differences are then recorded a special nominal codes:

• Forex gains code: 9700

• Forex losses code: 29600.