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Transfer Fee Field in Foreign Currency Transfers
The Transfer Fee tab is used to record any additional expenses related to a transfer, including those arising from foreign currency transactions.
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1). Before change Transfer Amount (before recalculation cross-currency rate):
2). After changing Transfer Amount - Transfer Fee field is calculated recalculated due to changes in the exchange rate (bank’s commercial rate):
A Foreign exchange difference happens on the Bank account and arises due to changes in the official exchange rate between the date of initial recognition and the date of payment or revaluation. Such differences are automatically recorded in financial result accounts (Exchange Gain/Loss).
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