1. Accountant On Call
  2. Xero
  3. Supplier Bills and Accounts Payable

How to Reconcile Multi Currency

This will show you the best practice to reconcile a transaction to a Multi Currency Invoice or Bill

 

The conversion rate in this video would be that used by the bank when converting your foreign currency to Australian dollars or vice versa for payment of bills.  Most Australian banks will also charge you a fee which is charged to a separate expense account, usually bank fees unless you want to record them separately and have set up a separate account.