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bongani-verdantf
Level 1

TB does not include unrealised exchange gains or losses, but the profit or loss report does. How do I include the unrealised exchange gains or losses in the TB as well?

 
5 REPLIES 5
LeizylM
QuickBooks Team

TB does not include unrealised exchange gains or losses, but the profit or loss report does. How do I include the unrealised exchange gains or losses in the TB as well?

Hi  there, bongani-verdantf. 

 

I'd be glad to share some information about your financial reports in QuickBooks Online (QBO). 

 

Unrealized gain or loss would show up in your reports if there's a home currency adjustment. You can follow these steps to review the adjustments that were made in the Revalue history tab:

 

  1. Go to the Gear icon on the top menu and select Currencies.
  2. Click the drop-down list for Edit currency exchange under the Action column.
  3. Click the Revalue history tab under the Revalue page.

 

Here's an article you can refer to for more details about frequently asked questions about Home Currency adjustments.

 

In addition, I've included the following article to help you if you want to control the data that appears on your reports: Customise reports in QuickBooks Online.

 

Feel free to get back to me if you have additional questions about Exchange gain or loss in QBO. Have a good one.

Céline Ginoux
Level 1

TB does not include unrealised exchange gains or losses, but the profit or loss report does. How do I include the unrealised exchange gains or losses in the TB as well?

Hi Bongani-verdantf

 

We have the same issue.

 

Have you find a solution ? 

Thank for your answer

 

Céline 

GeorgiaC
QuickBooks Team

TB does not include unrealised exchange gains or losses, but the profit or loss report does. How do I include the unrealised exchange gains or losses in the TB as well?

Hi Céline, thanks for joining this thread - do you have home currency adjustments showing when running the report following the steps above? 

Mdawini_23
Level 1

TB does not include unrealised exchange gains or losses, but the profit or loss report does. How do I include the unrealised exchange gains or losses in the TB as well?

Hi,

 

I'm a new QB user and have come across the same issue as a Celine and Bongani. QB has an option to show unrealised gains and losses on a separate line in the P&L and also show a BS view of the effect of the movement to the Retained earnings and profit for the period figure. The issue is the TB view totally ignores this movement and shows a retained earnings figure and proft for the period figure net of the unrealised gains and losses there is no option to show this in the TB report. 

 

If you decide unselect the tick box for unrealised gains & losses to be shown separately in your P&L and BS report the figures are still affected by the value. My question is why cant this figure which plays a pivotal value in the Net profit result and will influence decisions made post financial year closure not affect the Trial balance report. I can run a TB that shows our prior year opening balances for the Accountants and to manually adjust the TB post download doesnt bode well with me. Thanks

Ashleigh1
QuickBooks Team

TB does not include unrealised exchange gains or losses, but the profit or loss report does. How do I include the unrealised exchange gains or losses in the TB as well?

Hello Mdawini_23, thanks for posting on this thread, we have passed on what you are saying to the team and it may be something that does come in the future. 

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