Hi tinal2, Welcome to the Community! QuickBooks Online's multicurrency tool is great for businesses that deal with transactions in more than one region. I can point you in the right direction to get this account in order. It sounds like you're trying to do a home currency adjustment to recalculate the balance of your US accounts receivable. Here's how you can do this: Navigate to the Gear icon, then select Currencies.Find the currency you want to adjust. Under the Actions column, click on the dropdown arrow.Select Revalue Currency.Enter a date (today or a day in the past) to run a currency revaluation.Choose whether you'd like the revaluation to be based on the market exchange rate or a custom rate.Pick the account(s) you want to apply the revaluation to. In this case, it'd be your US account receivable account. Select Revalue. Your US account receivable will then be revalued. You can learn more about home currency adjustments in this Community article: Enter home currency adjustments for your foreign balances. Please let me know if there's anything else I can assist with!

Question

Can you tell me how to re-evulate the AR US account?

Forum|Forum|5 years ago
January 29, 2021
1 reply
2 views

No text available

QuickBooks Online

A

Anonymous

Hi tinal2,

Welcome to the Community! QuickBooks Online's multicurrency tool is great for businesses that deal with transactions in more than one region. I can point you in the right direction to get this account in order.

It sounds like you're trying to do a home currency adjustment to recalculate the balance of your US accounts receivable. Here's how you can do this:

Navigate to the Gear icon, then select Currencies.
Find the currency you want to adjust. Under the Actions column, click on the dropdown arrow.
Select Revalue Currency.
Enter a date (today or a day in the past) to run a currency revaluation.
Choose whether you'd like the revaluation to be based on the market exchange rate or a custom rate.
Pick the account(s) you want to apply the revaluation to. In this case, it'd be your US account receivable account.
Select Revalue.

Your US account receivable will then be revalued. You can learn more about home currency adjustments in this Community article: Enter home currency adjustments for your foreign balances.

Please let me know if there's anything else I can assist with!

E

EValverde

Hello team

when I did this adjustment i had selected all US Bank, US Vendor and US AR but there were entries done only for the Bank account and not A/R and A/P accounts. It left the amount blank in the GJ. Now the trial balance and balance sheet is off. Trial balance amount is higher than the balance sheet. Can you please explain why it is not working

Eugenia

A

Amanda-B

Hey there EValverde,

Thanks for reaching out us here. Getting you the support you need is important to us. I would be happy to point you in the right direction for the best assistance possible.

In order to better assist you, I recommend reaching out to the support team outside of the Community. They'll be able to verify your account details in a secure setting, as well as view your screen to see what may be happening in your account. You can reach them by following one of these method:

Phone: Call us at 1-855-253-1536 from Monday to Friday between the hours of 9 AM and 8 PM EST.
Schedule a Callback or start a Chat: click (?)Help in the upper right > type and enter "Contact support" into the QB Assistant > click Contact Us > explain your situation > click Let's Talk > choose Get a callback or Start a Chat.
Social Media: Facebook, Twitter, and Instagram.

If you have any other questions, feel free to reach out here.

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