How to set up a foreign-currency account

All of the above may sound straightforward, but you may get stumped when you first try to represent some foreign money. Let's demonstrate how you'd go about setting up an account to represent, say, French Francs.

Let's say you have an account that holds cash in US dollars, and it has $1,000 in it. You want to buy about $100 worth of Francs, and naturally you'd like to represent those Francs in their own account. Here's what you need to do:

Here's what it all looks like once you're done: