Option 1 – Allow unbalanced foreign currency transactions in document settings > journal entry long enough to do this transaction
Option 2 – Put the money into the clearing account – ensure the net effect is zero in Canadian dollars.
- Additional costs such as fixed fees in addition to exchange rate costs could be added to the journal entry or reconciled at bank statement time.
- Blocking unbalanced foreign currency transactions is a good thing so if you choose option 1, only allow them for a minute.
- Do an internal reconciliation on the clearing account for option 2