video1.0<iframe src="https://www.loom.com/embed/279291bb727c4214a988283fef88844f" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/279291bb727c4214a988283fef88844f-30a70f89ca8d432e.gif523.626In this video, I walk you through the process of creating a bill in a currency other than USD and how to handle realized foreign currency gains or losses. I demonstrate the steps involved, including the necessary setup for the realized forex gain and loss account. You'll see how to create a bill for a vendor, approve it, and then pay it while addressing the potential errors that may arise due to currency discrepancies. I also highlight the importance of understanding the exchange rates at the time of the bill creation and payment. Please ensure that your realized forex gain and loss account is set up correctly before proceeding with similar transactions.