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Scenario
We've received a bill in CHF. The payment was made via our USD banking account.

What we tried
Matching the bank transaction to a bill - no matter which search criteria we use, no bill can be found. Trying to match the bank transaction to the bill via API resulted in the following error:
  1. { "code": 108018, "message": "The currency does not match in the transactions." }
Question
How do you match bills with bank transactions in different currencies plus adding conversion fees? What workaround may exist?

1 user has this question.
2 Replies
Reply
  • Zoho MVP
  • 11 days ago

 

If USD is your base currency (BCY), you can directly record a payment from your USD account in the UI (and programmatically, I believe).

You can directly make payments in your BCY for a foreign currency (FCY) bill, but not vice-versa.

If your USD account is an FCY, then you'll need to record a separate transfer transaction to an intermediate account, and then make the payment from the intermediate account.

We have a BCY bank account we call "Barter" that we will use for oddball stuff like this. We had this even back in our Quickbooks days.

Either way, I'm pretty sure you're not going to be able to directly create a transaction from your bank feed. The payment will need to be recorded prior to matching, I think.


  • 10 days ago

@DJ Love

That's fantastic advice for a "workaround". Appreciate your nugget of wisdom! Thanks a mil.

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