E-commerce
Currency Conversion Fee (USD to JOD)
Recording the bank's fee when converting USD sales proceeds to local currency.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank (JOD) | Asset (+) | 1,398.00 | - |
| Bank FX Conversion Fee | Expense (+) | 7.00 | - |
| Cash / Gateway (USD) | Asset (-) | - | 1,405.00 |
💡 Accountant's Note
International e-commerce stores collecting USD must convert to local currency for operations. The conversion spread or fixed fee is a finance cost, not a revenue reduction.
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