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How Dext Solo handles foreign currency bank transactions

Solo converts foreign currency bank transactions to GBP in reports and HMRC submissions using the exchange rate for each transaction date.

Written by Alexander
Updated today

Solo includes transactions from non-GBP bank accounts in reports and HMRC submissions. Dext converts foreign currency amounts to GBP at the exchange rate for the date of each transaction.


Where this applies

Foreign currency bank transactions are converted and included in:


What you'll see in your bank space

Your bank transactions remain in their original currency in the Bank workspace. Dext doesn't translate amounts at bank transaction level — only in reports.

Transactions inbox showing the bank account selector and a list of transactions with amounts displayed in their original currency

How the conversion works

The conversion happens during report generation. Dext uses the exchange rate between your account's currency and GBP for the date of each transaction. All transactions on the same date use the same exchange rate.

Important: Dext doesn't store the converted GBP value. The conversion runs each time a report is generated.


What you'll see in reports

When you drill down into a category in a report, foreign currency transactions show their GBP equivalent in the Amount column. Select the exchange rate icon next to an amount to see the rate used for that transaction date.

Tax report drill-down page showing transactions with GBP amounts and an exchange rate icon next to the Amount column

HMRC submissions

The GBP totals from your reports carry through to your HMRC submissions automatically. No extra steps are needed.

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