How do I record a payment for an invoice that I received to a different foreign currency account?

Currently, recording payment for a customer in a different currency other than the customer’s currency or base currency is not possible. However, to keep your books intact, you can follow the below workaround:

Manually record the Invoice payment in the customer’s currency (say GBP) to the Undeposited Funds account
Provide the appropriate exchange rate for customer’s currency and base currency while recording the payment.
Now, the Undeposited Funds will have the payment amount in the base currency (USD).
You can move this amount to the required foreign currency bank account (say EUR), providing exchange rate for EUR and USD, by recording a “Transfer To Another Account” transaction.

To record a “Transfer To Another Account” transaction, please follow the steps below,

Navigate to the Banking module and select the Undeposited Funds account from the list.
Click on the Add Transaction button found on the top right corner of the page.
Select Transfer To Another Account under Money Out.
Enter the relevant details and click Save.

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