Currency exchange differences

Samer-Wehbe · ‎June 22, 2021

Hello,

my QuickBooks companies' original currency is USD

I have a Mastercard in Euro, i make the reconciliation at the end of each month.

lets say that on 31/06/2021 the balance of the card was 0 Euro,

when I extract a statement of account in the original currency (USD), the balance is not zero, its the differences between in & out euro/USD exchange rates.

the same thing with the foreign accounts payables account.

how can i make the balance in original company currency of a foreign currency account matches the actual balance of the foreign account in the foreign currency balance.

Rea_M · ‎June 23, 2021

Hello there, @Samer-Wehbe.

It seems that you've posted your concern twice. My colleague addressed the issue in your first post. Kindly refer here to check.

In the meantime, I'm adding this article to learn more about the multicurrency feature in QBDT: Use Multicurrency.

You can count me in if there's anything else you need. I'm just around to help. Take care always.

Samer-Wehbe · ‎June 23, 2021

no that's another topic, but both are related to currencies

Catherine_B · ‎June 23, 2021

Hello there, Samer-Wehbe.

I checked your related posts and found out you've posted similar concerns twice. The duplicate one was already answered by my colleague, ChristieAnn. Just click here to be routed to the thread. You can also check out the links provided for more info on how we handle currencies and reports in QuickBooks Desktop.

Let us know if you have other questions. Take care!

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