Hello!

I have tried to search for an answer for my issue. I apologise if it has been answered already.

I am entering a bill in Zoho Books.

The vendor is in the US and the bill is in USD.

I created the Vendor and set the currency to USD.

I am entering the details from the vender invoice as a bill.

I don't know exactly what exchange rate my bank will use until I get my bank statement.

When I am entering the bill I am entering the unit price as USD. My currency is AUD.

Is anyone able to explain the process to me?

When I'm creating the bill, should I be entering the item cost in the vendor currency or my local currency?

When I get the real cost from my bank statement, how to I allocate that amount to the bill? Do I have to make an adjustment?

Thanks,

Ben