Hello,
I have a request about Zoho Books bank transfer function.
My base currency is GBP on the system and when I exchange currency on my bank I record it to Books. For example, according to my attached record;
I have exchanged 47.08 GBP to 1.000 TRY in real. So if I calculate manually 47,08 / 1.000 = 0,04708 is currency exchange rate. But the system shows, 0,046363 so I have to change it to ensure right transaction.
As you know, it's impossible to catch the same rate between Zoho Books and banks, because every place applies rates differently.
Due to that situation, I have to calculate manually my currency exchange rate and enter the below area for each time. I have to record it at the same moment because rates always change.
My opinion,
If it's created a custom field to entry of currency exchange amount under of system amount field, and then it could provide to calculate exchange rate automatically based on these amounts, this would be perfect.
For example based on below;
Amount TRY: 1.000
Currency Amount (Custom Field-It has to be in same currency with TO Account): 47.08
According to these amounts, the system can calculate exchange rate automatically as 0,04708 and fix the record.
If you do as like this structure, I think it might be ensure to open a way for transferring money between two accounts which are except of base currency on the system.
I look forward to hearing from you...
Thank you.