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LisaBlc
May 31, 2022
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?

  • May 31, 2022
  • 1 reply
  • 0 views
This Trial Balance amount must be an accumulation of varying exhange rates being used in the reportings. I use QBO.
Best answer by GeorgiaC

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. 🙂

1 reply

G
GeorgiaCAnswer
May 31, 2022

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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LisaBlcAuthor
May 31, 2022

I'll try that, thanks.

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LisaBlcAuthor
May 31, 2022

Perfect, that worked! Thanks very much!

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