I would love to get some help on this... I'm lost...
We have a multi-currency account, and something that seems relatively simple is getting more complicated to more I read about it...
Our main QB currency is USD.
I have PHP in the bank and transferred X to a friend's PHP bank account.
My friend gives me RMB to our digital account (wechat pay) back.
We determine the exchange rate ourselves.
It's not sales, profit or loss; it should be nothing more than a simple exchange of funds between accounts.
But how do I put this in our system... Your tips are greatly appreciated - thank you!
