We opened a bank account to receive payments from American clients and pay our American suppliers. When I create the account in Sage 50 at one point it's asking me to enter the links accounts. Our Canadian bank account is already set up with links accounts (Interest income, bank charges, exchange gain, NSF fee, Error gain, Interest expenses and adjustment).
I was wondering if I should use the same links accounts as the one for the Canadian bank account or create different link account numbers for the USD currency to setup my USD bank account?
Thanks in advance.
I would likely go with separate account nbrs. Just a reminder that your financial stmts will have to show all amounts in CDN funds including the US bank accounts and its linked accounts.
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