Currency, exchange rates and the other account
Posted: Wed Dec 03, 2008 7:59 am
We have some people in our ward that pay Tithing in US Currency and we deposit it into our Canadian bank account. We are essentially guessing on the exchange rate and then waiting for the statement to correct but are now wondering if there is a "correct" way for handling this. The problem is that the difference (plus or minus) between what we guessed and the actual amount shows up in the other account and we need to get it out.
Can we just correct the amount in the batch and expect it to be automatically reversed like for nfs checks?
Thanks.
Can we just correct the amount in the batch and expect it to be automatically reversed like for nfs checks?
Thanks.