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    • How to set up correspondence accounts to record positive and negative exchange rate differences?
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    Accounting Software

    How to set up correspondence accounts to record positive and negative exchange rate differences?

    Settings → Configuration → Accounting

    Enter the correspondence accounts in the following fields: “Correspondence account for negative exchange rate differences”, “Correspondence account for positive exchange rate differences”, “Currency purchase expenses”, and “Currency purchase income”. We recommend using correspondence accounts according to your company’s approved chart of accounts.

    Exchange rate difference settings in accounting

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