This article details how to create a new foreign bank account
Navigate to fund level > Investments > Foreign Bank Account
- Select a unique code
- Select the currency from the drop-down menu
- Select the tax treatment (for more information review information in the KB article here)
- Enter a display name for the account
- Enter the account number
Class no longer defaults to $250,000 Balance Election method for Foreign Cash Tax Treatment, you will need to select one of the three options.
Asset Classification
The following asset classification automatically pre-filled as default. It is possible to change all these settings from by using the drop-down menu on each classification.
What's next?
Learn how to enter transactions in foreign bank accounts and learn about Foreign Bank Accounts in the Opening Balance