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How to get QBO to automatically separate "Realised" and "Unrealised" Foreign Currency Loss/Gains to separate accounts and only post "Realised" gains to the P&L.
Currently, QuickBooks Online (QBO) doesn't have an automatic feature to separate Realised and Unrealised Foreign Currency Gains/Losses into different accounts. When you run a revaluation, the system automatically posts all foreign currency adjustments to a single account on your Profit and Loss (P&L) report.
As a workaround, you can manually create a Journal Entry at the end of each reporting period to move the unrealised portion out of the P&L report. I highly recommend consulting your accountant for accurate guidance throughout the process.
For more information on how multi-currency works in QuickBooks, visit this article: Set up and use Multicurrency in QuickBooks Online.
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