The value will be transferred and the Currency Transfer Holding asset account will be zero. This should be the value of the Currency Transfer Holding asset account. Enter the amount that you are transferring in the currency of the Bank Account you are transferring to.Change the Deposit to Account field to the Foreign Currency Bank Account you are transferring to.Change the exchange rate to reflect the rate between your local currency and the currency being transferred to.Click the Currency button and change the Currency to the foreign currency where you are transferring funds to.Enter a Receive Money transaction ( Banking > Receive Money).AccountEdge will calculate the value of the transfer into the foreign currency where you will be transferring the funds to and store this value in the Currency Transfer Holding asset account. Enter the amount that you are transferring from in the foreign currency and ensure the correct date is entered.Make the Allocation Account the Currency Transfer Holding asset account created earlier.Complete payroll management tasks and access. ![]() ![]() This is the foreign bank account you are transferring funds from. MYOB AccountEdge Pro will help you to manage both your basic and advanced accounting needs on your Mac computer. Phone support 8 9am ET - 5pm ET, Mon - FriNot on a plan Phone support is 199/year. ![]() Email Support is available to anyone on a valid phone support plan and/or AccountEdge subscription plan. Change Pay from Account field to the Foreign Currency Bank Account. AccountEdge Support Telephone support is available to AccountEdge customers on a valid phone support plan.Change the exchange rate to reflect the rate between your local currency and the currency being transferred from.Click the Currency button and change the currency to the foreign currency where you are transferring funds from.Enter a Spend Money transaction ( Banking > Spend Money).Complete the transfer by recording a Spend Money transaction to take the funds from one currency account, then record a Receive Money transaction to move the funds into the other currency account.
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