In QBO how do I see the foreign balance on my foreign accounts? In QB Desktop it can be done in a number of ways, including by viewing the GL register but there is no balance other than home currency in QBO. This is a significant issue with QBO. I know i can get the bank by going into the bank rec function but that's a real pain.
Other ways I could get this balance was in Transaction Reports (versus repots like BS, P&L, and TB. The register balance only worked for bank accounts though. For AR & AP I had to use the Summary reports in the Transaction Currency.
There also isn't good documentation on how to run the Summary reports using the correct period end rate. In QB Desktop you simply did a HC adjustment. In QBO it appears you have to use the report that shows Unrealized Gains? I'm a CPA and find this confusing let alone your average user. By any chance is there a QB Desktop to QBO difference tutorial? Now THAT I could use. It would be nice to stop searching for things that just aren't there or have a quick refence to the new ways to do something you've done for 30 plus years in Desktop.
I do like some of the improvements to some major Desktop flaws in QBO but for the most part I hate using it. the only reason I do for clients where simple remote access is the priority.
Hope you can help with the foreign balance problem because so far I haven't found a solution except to export the entire account detail and create my own Foreign Balance column.
Marnee
