In NAV 2013 when i am trying to transfer the currency i.e. one is AUD (Australian Dollar) to USD. I am facing one error i.e.
"Currency Code must be equal to ''AUD" in bank account No. ***** . Current value is USD."
Bank to Bank transfer is not possible if they have different currency.
In reply to Manish:
Hi this is possible.
In the General Journal enter the two lines. One for Debit Bank and another for credit Bank.
In reply to W@hesh:
Performing Bank Transfer, you must not use Balance Account, put them into separate lines and do take note on the exchange gain/loss.
One typical way of accounting is:
Credit Contra A/C
Debit Contra A/C
In reply to Adrian Koh:
Use Contra voucher for the same..It is available in India version.
If Currency code of both bank accounts are different, then transaction should be created in multi lines within a journal. Also, consider a gain/loss account to keep the transaction balanced.