Yes, you're on the right track, Jesper.
Also, please be reminded that In QuickBooks Online, the option to convert the currency in an invoice is currently unavailable. What we can do is to create a new customer profile with their specific currency.
On the other hand, I've got a way to record the invoice and payment without bank fees, and then create a deposit from that payment to deduct the bank fees. Please check this out:
- Go to New (+), then Receive Payments, then enter all the payment information.
- Tick the checkbox next to the invoice you would like the payment to be applied to.
- Select Undeposited funds as the deposit to the account.
- Choose Save to record the transaction.
- Go back to New (+), and then Bank Deposits. You should see the payment you entered in the Select Existing Payments section at the top.
- Place a checkmark to select the payment you want to deposit.
- From the Add funds to this deposit section, enter the amount of the bank service fee charged as a negative amount.
- From the Account section, select the Expense account you usually use in tracking bank fees.
- Verify that the deposit amount is correct.
- Click on Save to record the transaction.
Also, read through this article that will guide you on how to properly handle bank transfer in QBO: Pay for personal expenses from a business credit card or bank account.
Please let me know if you have any additional concerns regarding bank transactions. I'll be right here to help you out.
