Level 2

Other Questions

Hi Laura,


Thanks for your reply.  I'm trying to get some direction from my accountant but there are some other hurdles I face there too. 

 

Part of my question is not related to accounting, it's related to QBO.  

 

The Trial Balance shows the un-revalued amount in CAD for USD funds, while the Balance Sheet shows the revalued amount.  Is this typical of how QB reports these values?  There are other instances in which I find it frustrating how QB reports values for USD, and I want to know if this is a similar quirk of QB. 

 

Is the Trial Balance designed to show the un-revalued amount in CAD, and the Balance Sheet designed to show the revalued amount in CAD?

 

Thanks,

 

Jon