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Forum Post: RE: Transfer money from EUR cash account to USD cash account

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I deal with this situation all the time with several of my clients. Easiest thing to do is to set-up a "Cash Clearing" account in the GL. This account will NOT be set-up in the Cash Manager and will NOT be denominated to a single currency in the Chart of Accounts, thus making it available to be used in any currency. Using this new Clearing account, you can enter a GL batch in EUR to move the money from the EUR cash account TO the clearing account, and then a separate batch in USD, with the proper SPOT rate, to move the money FROM the clearing account to the USD account. John

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