Banking

Thanks for the reply and for the additional details, E21J.

I would recommend consulting an accountant to help you with the adjustment.

Going forward, you can let QuickBooks calculate the gain or loss for you, so you won't have to receive money to a USD account, convert, and then transfer to a GBP account. Normally, you can receive the payment from your customer like receive the actual amount on the invoice. Then, when you deposit it to your bank account (GBP) that's the time you enter the exchange rate, so QuickBooks will calculate the exchange gain or loss for you.

If you have other questions, you can always go back to this thread.