I have a foreign currency bank account with a NIL balance. However, the Trial Balance shows a small local currency balance in that account. How can I deal with this?
This Trial Balance amount must be an accumulation of varying exhange rates being used in the reportings. I use QBO.
I have a foreign currency bank account with a NIL balance. However, the Trial Balance shows a small local currency balance in that account. How can I deal with this?
Hi LisaBlc, thanks for joining the Community - please revalue all currencies by navigating to the cog > currencies > click the dropdown > revalue currencies beside each. Please then re-run the TB report to check that this has corrected the discrepancy. :)
I have a foreign currency bank account with a NIL balance. However, the Trial Balance shows a small local currency balance in that account. How can I deal with this?
Hi LisaBlc, thanks for joining the Community - please revalue all currencies by navigating to the cog > currencies > click the dropdown > revalue currencies beside each. Please then re-run the TB report to check that this has corrected the discrepancy. :)
I have a foreign currency bank account with a NIL balance. However, the Trial Balance shows a small local currency balance in that account. How can I deal with this?
I have a foreign currency bank account with a NIL balance. However, the Trial Balance shows a small local currency balance in that account. How can I deal with this?
I have a foreign currency bank account with a NIL balance. However, the Trial Balance shows a small local currency balance in that account. How can I deal with this?
Thank you for getting back to us, LisaBlc.
It's good to know that the steps shared by my colleague help resolve your concerns about foreign currencies.
I've also added the link to our page that has lists for more guidance in managing your QuickBooks account: Self-Help Articles.
You can visit us again whenever you have questions with QuickBooks. We'll be happy to help you out!
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