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February 27, 2026
Question

How comes the translated balance doesn't conform with closing balance at the date and the accounts have reconciled?

  • February 27, 2026
  • 1 reply
  • 0 views

we have usd balance of $342 an exchange rate is TZS 2600/$, but the system balance shows that we have a translated balance of TZS 30Millions, how is this possible?

1 reply

Clark_B
QuickBooks Team
February 27, 2026
Hello there, @glorial1. The translated balance may be off if the exchange rate used for the transaction is incorrect.

 

To begin with, I recommend reviewing each transaction, especially those involving the largest amounts. Since those large transactions could be the reason behind the significant discrepancy of TZS 30 million. Once identified, you can edit the transactions and update them with the correct exchange rate to resolve the discrepancy.

 

If you have any other concerns, please click Reply.