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Apr 26, 2024 12:38 PM UTC
Question

£0.01 home currency balance showing on the BS of a US$ debtor, due to not enough decimal places on exchange rate. US$ debtor balance shows zero. Advice on how to w/off.

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1 reply

Apr 26, 2024 3:30 PM UTC

wHello GBF2, thanks for reaching out to the Community today

 

You can create a home currency adjustment (from the settings wheel, select currencies and revalue currency on the action drop-down menu). If this does not work, we recommend reaching out to your accountant for advice, as they may be able to move the balance to a different account. 

 

If you don't already have an accountant, you can find a QuickBooks certified advisor near you on our online directory. Hope this helps!