We have multi-currency bank accounts and AP/AR transactions. When I process the currency revaluation at the end of the month, QB automatically generates unrealized gain or loss in two separate accounts (1. UG from AP/AR and 2. UG from the bank account).
UG account 1 (for AP/AR) does NOT show up in the chart of account, TB or GL, but shows up on PL.
UG account 2 shows up in the chart of account and all the other reports.
This creates a discrepancy in net income amount between TB and PL.
I thought about fixing it by creating a manual journal entry, however, I can't choose UG account 1 in JE since it is created by QB automatically and not in the chart of accounts.
The only option I found was attaching an Unrealized gain or loss report to FS, but it is not the ideal solution and I'm hoping to find a better way to fix the issue.
Please advise.
