Hi, I've been trying to reconcile foreign bank accounts but both of them have come up with differences when compared to the bank statements. The balances on the trial balance are correct but the only way to reconcile the banks to match the bank statements is to make an adjustment. If I make the adjustments the balance in the trial balance will not longer be correct. Can you please advise how this can be fixed?
We'd be happy to get to the bottom of the reconciliation discrepancy for you. First, please run the Realised Exchange Gains & Losses report to see if any transactions are showing when running the report for a period of 'All dates'.
Hello VN5, If you can please try and do a currency revaluation , there will be a journal entry created by the system for it, if that doesn’t fix the balance , you can then just delete the journal entry this article tells you how to do that.
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