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How do I reconcile Sage Sales Invoices when my settlements are not GBP
How do I reconcile Sage Sales Invoices when my settlements are not GBP

Non GBP reconciliation

Mariko Newman avatar
Written by Mariko Newman
Updated over a week ago

Reconciliation of settlements/payouts that are in non-GBP currency

1. Create a Clearing Account bank account (will need to be in GBP)

2. Navigate to Sales Invoices and record payment

--> Make sure that the exchange rate used produces an exact match to what has been

deposited in your GBP Bank account (you may need to manually adjust this in the exchange rate section)

--> Select the correct payment date and choose the bank account to be a ‘clearing account’ you created.

--> Click 'Record' and your invoice will show it has been paid.

3. Go to your Banking page, where you will see the payment amount recorded in the clearing account:

4. Click on the Banking account where you received actual deposit in GBP. In this example it is the HSBC Bank Account.

--> In the bank account you will find the £1,472.40 deposit. Select the option to ‘transfer’.

--> Then choose the clearing account and click the blue transfer button.

5. Lastly, go to banking and into the clearing bank account. Click on the dropdown in the right hand corner and select ‘Reconcile’.

--> Select both transactions to reconcile, then scroll to the bottom to click on 'Finish'.

--> At the bottom of the screen, you will see a notification that the reconciliation has been successful pop up.

This is how a non-GBP settlement is reconciled.

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