Reconciling foreign currency payments

AustiAlisonAustiAlison Member Posts: 1

When recording that an invoice has been paid via the bank entry, Wave doesn't recognise the invoice because the currency conversion has delivered a different amount in the bank. I can record payment directly on the invoice but then I am forced to delete the bank payment or risk having two entries for the same payment. Any ideas on how else to reconcile foreign currency invoices?


  • JamieDJamieD Administrator Posts: 1,145 admin

    Hi @AustiAlison. There is a great help centre article that gives detailed examples on how to handle specific invoice payments that are paid with foreign currency; After going through this article and if you still have questions.. please feel free to ask away in this thread.

  • ShaunaReboxShaunaRebox Member Posts: 1

    This particular article is no longer available. Could you please advise on how to handle invoice payments that re paid with foreign currency. Thanks.

  • James_HudsonJames_Hudson Administrator Posts: 128 admin

    Hi @ShaunaRebox , at the moment, it's only possible to apply an invoice payment for an invoice in a foreign currency from the "Invoices" page under "Sales."

    To mark a foreign currency invoice as paid, Click on the Invoice in your list of unpaid invoices, and select "Record a payment." In the new window that opens, you'll be able to edit the exchange rate to match the payment that was brought in by your bank.

    Recording a payment in the invoices page will record a payment transaction in the transactions page, so you'll want navigate to the Transactions page after the payment has been recorded, and either merge or delete any duplicate transactions brought in by your bank account or statement uploads.

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