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bakeronline
February 15, 2023
Question

Revaluation for pasive account not working

whenever i try to revaluate a pasive account it looks like it was made correctrly but once i enter into the new entry created for qb the value of this is 0.

 

3 replies

JessT
JessTModerator
Moderator
February 15, 2023

Hi bakeronline,

 

We'll help you check your journal entry. However, can you please clarify this statement, "whenever I try to revaluate a passive account...?" Are changing the value or or evaluating something in your journal entry? Thanks in advance.

bakeronlineAuthor
February 23, 2023

I'm not changing the value i am reevaluating 

im doing this.

i'm clicking on the gear icon 

then on currencies

then on revalue currency

an every single one of the checked

accounts in the  atached   image are not being revaluated 

 

 

 

MichelleBh
MichelleBh
Level 8
February 23, 2023

Thank you for bringing up the currency revaluation steps you're taking, @bakeronline.

 

I'm delighted to provide some information on revaluing currencies in QuickBooks Online. This way, I can assist you in fixing the unrevalued currencies.

 

Please know that we only save one exchange rate per account each day. This exchange rate calculates unrealized gains and losses. This ensures accurate and compliant books. Also, make sure that the dates are correct. QuickBooks automatically creates currency revaluation journal entries with zero values so you can check the date and exchange rate you used. You can no longer edit these entries except the journal entry's number and Memo field.

 

In addition, the best place to check your exchange gain/losses is on the Profit & Loss, Balance Sheet, Statement of Cash Flows or Customer/Supplier Balance reports. For more information, check out this article: Frequently Asked Questions about Home Currency Adjustments.

 

Moreover, read the following articles to know how to handle mixed currencies for customers or suppliers and some errors:

 

 

Please comment below if you have other questions about managing your home and foreign currency transactions in QBO. I'm only here to help.

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