I have an Employee who receives salary in foreign currency and I am facing a problem with the Accounting entries.
I am following this howto on creating and balancing a liability against this particular employee.
Company currency is USD, Salary is paid in EUR
Now when I try to submit the first Journal entry (creating the liability)
- row 1 Payable account (EUR): Credit (Party: Employee #1)
- row 2 Expense account (USD): Debit
I am getting
“Accounting Entry for Employee: XZY can only be made in currency: USD”
What I have tried is to find something like currency or default payable account in the Employee (which would be analog to how it works with Suppliers) but could not find any of such.
Am I doing something wrong here?