Non-Profit
Foreign Field Office Remittance (INGOs)
Sending funds from the home office to a foreign field office in a different currency.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Due from Foreign Field Office | Asset (+) | 7,100.00 | - |
| Cash in Bank (Home Currency) | Asset (-) | - | 7,100.00 |
💡 Accountant's Note
The money is still an asset of the NGO, just in a different location. Exchange rate gains/losses will be recorded when the field office reports its monthly spending.
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