Natalie Whitehead

We have a Euro account linked to Clearbooks but would like to view the amounts in Euros only. It appears that Clearbooks automatically converts everything into GBP which makes explaining transactions from our statements time consuming as our statements are in euros. We only need to see the account in Euros as it is a Euro account so it makes no relevance what it converts to in GBP. I assume the conversion is made by Clearbooks for reporting purposes however we just need our Euro account to be reported in Euros so therefore maybe separate reports for that account instead of merging it with our GBP account and reporting that way? Another reason for this is that the conversation rate Clearbooks uses is actually different to the one we use as we have our own internal rate.

Hi Natalie,

The statement needs to be converted to the home currency as all the reports (P&L, Balance sheet etc) are generated in the home currency. When viewing your foreign currency accounts, it should by default show the account in the foreign currency.

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You can switch between the different balance of each currency when viewing the bank account statement:

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In regards to imported statements - the system will show the imported statement in the currency of the account you import this in to, so for example this statement below:

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Shows all the payments and receipts in USD:

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When explaining these payments and receipts the conversion rates (taken from XE.com) update based on the payment date, although you can replace them:

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Do you allocate the payments/receipts on your imported statements to unpaid invoices/bills? If so are these bills in the same currency as the bank account or different currencies each time?

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