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LisaBlc
May 31, 2022 3:52 PM UTC
Solved

I have a foreign currency bank account with a NIL balance. However, the Trial Balance shows a small local currency balance in that account. How can I deal with this?

This Trial Balance amount must be an accumulation of varying exhange rates being used in the reportings. I use QBO.
GeorgiaCAnswer
May 31, 2022 4:07 PM UTC

Hi LisaBlc, thanks for joining the Community - please revalue all currencies by navigating to the cog > currencies > click the dropdown > revalue currencies beside each. Please then re-run the TB report to check that this has corrected the discrepancy. 🙂

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4 replies

GeorgiaCAnswer
May 31, 2022 4:07 PM UTC

Hi LisaBlc, thanks for joining the Community - please revalue all currencies by navigating to the cog > currencies > click the dropdown > revalue currencies beside each. Please then re-run the TB report to check that this has corrected the discrepancy. 🙂

LisaBlcAuthor
May 31, 2022 4:38 PM UTC

I'll try that, thanks.

LisaBlcAuthor
May 31, 2022 4:46 PM UTC

Perfect, that worked! Thanks very much!

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