HI Guys quick question – I get an amount on the Jobsplus scheme for one of my staff deposited into my account every month. Trying to do the Bank Rec here but I’m not sure how to file these, I don’t issue invoices for them, revenue just eft’s me the money. Also, more thing, I have invoices issue in £ ( say, £1000) bu the payment comes in as € ( say, €1,300) – Bank Rec won’t allow this even with auto adjust. Tried the forums for both of these but didn’t find anything . Thanks
HI Guys quick question – I get an amount on the Jobsplus scheme for one of my staff deposited into my account every month. Trying to do the Bank Rec here but I’m not sure how to file these, I don’t issue invoices for them, revenue just eft’s me the money. Also, more thing, I have invoices issue in £ ( say, £1000) bu the payment comes in as € ( say, €1,300) – Bank Rec won’t allow this even with auto adjust. Tried the forums for both of these but didn’t find anything . Thanks
Bullet will handle this for you and also work out all your fx gain/loss tax liability.
Can you give me an invoice no and I'll have a look for you.
Pete
It seems you've recorded that payment. Is this the correct invoice you're recording?
http://recordit.co/PXKIUgV901
Pete
So the exchange rate is always defined by the bank when they transfer the money into your account. It's never defined by you, or a site like XE.
The bank have their own FX rate and they'll roll FX charges in there too. Charges are put in as to Bullet as a bill (bank fee).
Have a look at the bank statement, something is wrong with that number and let me know.
Pete
I see you using the header images on the invoices, hope you like them. You can use them for upsells too by creating multiple invoice templates.
I noticed you haven't closed any of your todo's, may I ask why?
Pete