My home currency is LBP.I buy my products (Stock USD) in USD& sell them in LBP, when I revaluate my currency it gives me wrong figures, how can i solve this?

Thanks for dropping by the Community, wissamroutes-gma.

Allow me to share some information on how QBO handles the revaluation process. Then, revaluate the currency to resolve the issue.

The exchange rate is locked in on the day of each entry. You can use exchange rates from IHS Markit, or enter and use your own rates for transactions.

Home currency adjustments will change the home currency value of your foreign balances. It also recalculates them based on a new rate. To fix the figures of your currency, let’s create an adjustment.

Here’s how:

1. Go to the Gear icon at the top and choose All Lists under Lists.
2. Tap the Currencies link and choose USD from the list.
3. Click the drop-down under the Action column to select Revalue Currency.
4. On the Revalue page, enter the date of the revaluation.
5. Make sure to type the correct rate and amount.
6. Pick the account you wish to apply for the revaluation.
7. Hit Revalue.

Check out this article for more details: Enter home currency adjustments for your foreign balances.

Additionally, we collated answers to common questions about home currency adjustments. Make sure to click the link to see the complete guide: Frequently Asked Questions about Home Currency Adjustments.

Keep me posted if you need more help with QBO. I’ll be happy to assist further. Have a good one.

Home currency: LBP / foreign currency : $

lets say I bought 2 products for 10000$ each from a supplier (foreign currency $), My stock Account (Current Assets) is USD/ purchase account is USD, Selling account is LBP (Home currency).

when I revaluate the account and I change the rate the next day it gives me the correct figures.

but when I sell one product either to a customer (home currency or foreign) and I am left with 1 product in stock account and I want to revaluate the account it gives me wrong figures.