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Alekzlin
Level 1

Revalued Currency

When I check my balance sheet, my CAD bank shows "Revalued amount", but my USD account doesn't show it.

 

I'm trying to be able to see both the USD amount and the translated CAD amount, how do I see that?

1 Comment 1
Giovann_G
Moderator

Revalued Currency

Welcome to the Community space, Alekzlin.

 

I know where you can revalue your currency in QuickBooks Online.

 

Revaluing your currency is an important step of the accounting process. This will show the current business value on your balance sheet. When you need your reports to show the current currency value of your foreign balances, you can enter a home currency adjustment. I'll show you how.

 

  1. Go to Settings ⚙️, then select Currencies.
  2. Find the currency you want to adjust.
  3. Under the Actions column, click the dropdown arrow icon.
  4. Choose Revalue Currency.
  5. Click a date (today or a day in the past) to run a currency revaluation.
  6. Select whether you'd like the revaluation to be based on the market exchange rate or a rate you specify.
  7. Choose the account(s) you want to apply the revaluation to.
  8. Hit Revalue.

 

For your reference, you can review this guide for more info: Enter home currency adjustments for your foreign balances.

 

Also, I encourage you to visit these resources below to learn more about the multi-currency and currency adjustments:

 

 

 I'm here to help you more if you have other questions about multi-currency. Just click the Reply button to add any details. Have a wonderful weekend!

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