Task 3: Create accounts to track foreign-currency transactions
In order to correctly track transactions in a foreign currency, you must create a number of accounts that are set up to use that currency rather than Canadian dollars. You cannot simply use the same accounts you use for your Canadian dollar transactions because the dollar and other currencies rarely trade at par with one another (that is, one dollar rarely buys exactly one monetary unit in any other currency).
For every foreign-currency account you create, the software will automatically create a linked exchange account. For example, if you create a yen chequing account, a yen exchange account will be created automatically. Your software uses these dual accounts so that both the foreign currency amount and the local currency equivalent of a transaction can be viewed in your Balance Sheet.
You can let your software create the linked exchange account for you or you can specify one yourself. To create an account yourself, see ‘Set up accounts’. You will need to select the correct currency and exchange account in the Account Information window.
If you make foreign sales 
If you make foreign purchases
