Small balance in foreign currency A/P account on balance sheet will not go away
I'm using Quickbooks Desktop Premier 2012. When I run the balance sheet for my company, it shows a negative $0.90 balance in one of my foreign A/P accounts. This is only when I run the sheet in cash basis. When I run it in accrual, every thing is fine. I believe the -$0.90 is from a combination of small rounding differences between the foreign amount and the home currency, like a penny here and there. Under account transactions, when the account is zeroed out under the foreign balance, the home currency balance shows a small difference. I think this is caused by paying multiple invoices from the same vendor, with one large check. QB just rounds up the value after it applies the exchange rate. I've tried everything but I can't get this to go away. I've tried manual journal entries, but it doesn't work. Multi currency is enabled.