Capturing a foreign currency received

When using the capturing a foreign currency function in Fincon Accounting, the money being received needs to be in a different currency to the bank account it is being received in.

Watch this video to see how to capture a foreign currency received or follow the steps below it.

Navigate to the correct window

  1. Navigate to Debtors / Debtor Payments / Foreign Currency Received.

Enter the payment details

Bank account details

  1. Enter the bank account number in the Bank Account text box.
  2. Enter the amount of the payment received, (in the currency of the bank account it is being received in), in the Amount Received text box.
  3. Enter the payment period in the Payment Period text box.

General details

  1. Enter the date of the payment in the Date text box.
  2. Select the payment type from the Payment Type dropdown list.
  3. Enter the cheque number in the Cheque Number text box, if required.
  4. Enter the name of the customer in the Name text box, if required.
  5. Enter the drawers ID number in the ID No text box, if required.
  6. Enter the credit card number in the C/Card No text box, if required.
  7. Enter a comment in the Comment text box, if required.

Payment details

  1. Enter (or select) the appropriate customer account in the first open line in the ACCOUNT column.
  2. Enter the amount paid, (in the currency of the payment, not the bank account) in the AMOUNT column.
  3. Select the line in the OUTSTANDING column of one of the invoices that the payment pertains to.
  4. Press F3 to allocate the payment wholly or partly to the selected invoice.
  5. Repeat for all the invoices that the payment pertains to.
You can auto allocate the payment by clicking the Auto Allocate button, this is usually a method to consider if the payment balances with the outstanding amount. The payment will be allocated from the oldest transactions to the newest transactions.

Save the receipt

  1. Click the Accept button.
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