Hi there, thanks for the posting.

A credit card receivable account is an asset account for amounts due from customers who have paid with a credit card (credit card receipt processed in Simply).  It has nothing to do with foreign currency and will track amounts in the home currency of your company, likely CDN$.  If you're receiving US$ payment you're still converting the value to CDN when you make the entry, using the exchange rate that you choose at the time of posting, this exchange rate is never automatically adjusted by the system.

I hope this answers your question.

Thanks Alex, that does clarify this.

It's a pity it doesn't handle currencies properly like A/R. It would make far more sense if it did.

Credit card payments received in a foreign currency need to be accounted for in that currency all the way through the process, until they finally land in the bank account. I think the workaround is to treat them as "Cash" and post to a currency cash/asset account... not ideal, but it will work.