Hello Catherine!

Thanks for your quick replay! And thank you for this valuable information so for. I got some more questions for you while we are at if you dont mind!

1. Invoice.

Should I make the invoice in PHP or in EUR? 

When I open Bank deposit it automatically choose my BDO Bank PHP, local currency. If I change this to Transferwise and EUR the transaction it not there anymore. You said that QuickBooks will automatically convert the amount in your invoice to the selected currency.

This is the confusing part for me so far. In Wave this where automatically converted into the local currency, did not matter what currency the invoice was made in. All transaction where in PHP directly, Wave downloaded and updated the currency on a daily basis.

So have I done this correctly, please check my invoice I have added here one time.

2. Bank Deposit.

When the money have been deposited to the bank I can match them. I have read about this also when you are doing a Bank Deposit. Is there anyway of also including the bank charges here? Example I get paid EUR 150 from my customer. But I only receive EUR 140 from Stripe. How and where will I record the EUR 10 bank charges? 

Can I do this when I do the Bank Deposit or should this be done somewhere else? Another things that confusing me right now. Of course I can Reconcile my bank account all the time to fix this. But there must be an easier way of doing this I think.

3. Bank Transfers.

Transferwise and BDO bank accounts are all our corporate bank accounts. If I would transfer money away from these account to my private accounts with Transferwise and BDO. How would I do this the simplest way? Transfer the money and use Owner's Equity and record it is my own salary? Or should this be done in a different way? 

Just an additional question. 

Thank you for your help, appreciate it very much and I hope to hear from you soon again. In the mean time I wills tudy your links you sent me.

-Torleif