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Hi James,

 

Thanks for your reply.  I've noticed that I have 2 journal entries other than the monthly currency revaluations.

 

The first entry was to reduce the Opening Equity Balance and AR I had before the beginning of the year when I started to enter date into QBO.

 

The second was to create an item on my Balance Sheet for a USD cash investment, I created an entry for an asset and a liability.

 

These were early in the year.  How should I resolve this without journal entries or in a manner that will be captured accurately when I revalue currency at the end of every month?

 

Edit:  Added screenshot.  Is this screen of the journal entry created by revaluing currency normal?  None of the revaluations adjust the USD AR/AP, it's just $0 as a placeholder.  The discrepancy between Trial Balance and Balance Sheet started on the first date I entered a currency revaluation?

 

Is this just a quirk of QB that the Trial Balance shows the un-revalued amount and the Balance Sheet shows the revalued amount.  If you click and open up the details, the USD amount and un-revalued amount are the same, but the revalued amount going through the Balance Sheet shows the revalued amount.

 

Thanks.