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Company Bank Details - Connect multiple banks (with different currencies) with 1 account (COA)
Hi Guru's
I've a little question.
We've created 1 account on our COA to combine all transactions of 1 bank.
But ... we have multiple bank accounts at this bank with different currencies.
And we would like to link these 3 bank accounts to that single account on our COA.
As a result, these 3 bank accounts are created under the currency that the account (COA) was created.
Will this cause problems in the future?
I suppose we will have to create an account on our COA for each bank and each currency (so in this example 2 accounts; 1 for EUR and 1 for USD), but we prefer to keep 1 account for each bank no matter what currency.