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My Quickbooks Pro for Windows10 company snapshot displays a different account balance on an account than the register displays in that same account.
The account in question is an AUD multi-currency account, and the company snapshot is in USD and the currency exchange is correct, yet the discrepancy is extreme.
the currency exchange, updated today, is .76 yet the discrepancy between the company snapshot and the register indicates a currency exchange of .14. A huge ERROR and incorrect. Company/manage currency/currency list is CORRECT for AUD.
Not sure how to fix this gross error in balances.
I've verified and rebuilt my data, that's not the issue.
Solved! Go to Solution.
Thanks for dropping by the Community, DS57.
I appreciate all your efforts in trying to resolve the discrepancy on the company snapshot. Let’s create a home currency adjustment to resolve the issue.
The process will change the home currency value of your foreign balances. Since it affects your balance sheet accounts, I suggest consulting an accountant to ensure your records are in order.
Let me guide you through the process of how to perform the adjustment. Here’s how:
For more information about home currency adjustment, check out our built-in articles in your company. I’ll show you the steps on how to get there.
Additionally, this guide provides an overview of how to handle different currencies in QuickBooks Desktop: Set up and use Multicurrency.
If you still need help when working in QuickBooks, leave a comment below. I’ll be around to assist further. Have a good one.
Thanks for dropping by the Community, DS57.
I appreciate all your efforts in trying to resolve the discrepancy on the company snapshot. Let’s create a home currency adjustment to resolve the issue.
The process will change the home currency value of your foreign balances. Since it affects your balance sheet accounts, I suggest consulting an accountant to ensure your records are in order.
Let me guide you through the process of how to perform the adjustment. Here’s how:
For more information about home currency adjustment, check out our built-in articles in your company. I’ll show you the steps on how to get there.
Additionally, this guide provides an overview of how to handle different currencies in QuickBooks Desktop: Set up and use Multicurrency.
If you still need help when working in QuickBooks, leave a comment below. I’ll be around to assist further. Have a good one.
Thanks, that solved my issue.
Not sure why the problem was there to begin with.
D
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