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Yee99
Level 1

Error in home currency and foreign currency

The Home currency of the account is in SGD and account of Loan to company A is in MYR currency.

 

During the year, company A has fully settle the loan.

 

The balance sheet has showed 0 in SGD but in Chart of accounts is showed negative balance in MYR.

 

How to correct the error.

Solved
Best answer November 20, 2019

Accepted Solutions
John C
QuickBooks Team

Error in home currency and foreign currency


Hi Yee99

 

Have you re-valued your currency accounts? Select the cog/gear icon in the top right hand corner of the screen > currencies >  select the drop down menu underneath the word action > re-value currency > enter the revalue date as the end date you are running the balance sheet to. select the account types you would like to re-value > Re-value and save.

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1 REPLY 1
John C
QuickBooks Team

Error in home currency and foreign currency


Hi Yee99

 

Have you re-valued your currency accounts? Select the cog/gear icon in the top right hand corner of the screen > currencies >  select the drop down menu underneath the word action > re-value currency > enter the revalue date as the end date you are running the balance sheet to. select the account types you would like to re-value > Re-value and save.

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