We report in AUD but we have both AUD and USD transactions.
For our USD bank account I wanted to know whether in the Chequebook Maintenance whether it is an issue for the below to happen:
Current Chequebook Balance: US10,408.34
Cash Account Balance: 11,049.19
The cash account balance is obviously in AUD which is what we report in but the current for the account is set to USD so the Current Chequebook amount is in USD.
Should the two agree or is it ok to have differences because one is AUD and the other USD?
Thanks in advance for the help.