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FX Loss on Foreign Vendor Invoice
Recording an exchange loss when paying an overseas software vendor in USD.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Payable (USD Vendor) | Liability (-) | 10,000.00 | - |
| Foreign Exchange Loss | Expense (+) | 200.00 | - |
| Cash / Bank (JOD) | Asset (-) | - | 10,200.00 |
💡 Accountant's Note
Paying international software, database, or equipment vendors in USD creates FX exposure. A weakening dinar between invoice and payment dates results in an FX loss.
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