If necessary, you can create a new code in your Chart of Accounts. This is the account used for any bank charges you might incur.įor example, to keep a record of how much foreign transactions cost you in bank charges, you may want to use a separate account to the one you use for normal bank charges. Verify or enter the following information:.If you need to delete any currencies that are not in use, click Delete. You can't delete your base currency, or a currency that is in use. Three currencies are automatically created for you: US Dollar (USD), Canadian Dollar (CAD), and Mexican Nuevo Peso (MXN). You can do this here, or you can enter the rate when posting individual transactions. If you do not use live exchange rates, you must manually enter and maintain the rates for the relevant currency.
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