Skip to main content

Get 50% OFF QuickBooks for 3 months*

Buy now
Switch to QuickBooks and 70% off for 3 Months
Talk to Sales: 877-683-3280
Hours
Mon - Fri, 5am - 6pm PST
Sat - Sun, 7am - 4pm PST
Product support & help
Need help signing in?

Manage Suppliers and Expenses for

Manage Suppliers and Expenses for

  • 2,274 Topics
  • 2,769 Replies
2274 Topics
H
hr33
 Manage Suppliers and Expenses for
M
Murtaza1988
 Manage Suppliers and Expenses for
K
karanspoint-gmai
 Manage Suppliers and Expenses for
G
GD250
 Manage Suppliers and Expenses for
M
manisha1
 Manage Suppliers and Expenses for
T
Top Sake
 Manage Suppliers and Expenses for
I
info-benlijfpart
 Manage Suppliers and Expenses for
O
orionedservices-
 Manage Suppliers and Expenses for
9
9130348940897566
 Manage Suppliers and Expenses for
T
taufankowaas
 Manage Suppliers and Expenses for
K
ksd-sudheesh-gma
 Manage Suppliers and Expenses for
S
sangee
 Manage Suppliers and Expenses for
S
sorajput
 Manage Suppliers and Expenses for
Bank is booked in FCY at the historical rate(rate of the day of the booking). The auditors do no agree the Cash should appear at the rate of the closing. How to do in QB?

In QB when we book bank transactions in FCY, the system picks up the rate of the day. When I extract the Balance sheet at the end of the year has a balance in LCY that is absolutely not correct as we should use the rate of the year end for cash. My auditors refuse to validate my financial statements because of that. The issue is I can't go back and modify the thousands line I have over the years in order to change the currency rate transaction wise. How to apply the current rate for the cash account? and keep the historic rate for the rest of the balance sheet? I have tried to pass an entry bank (LCY) to Exchange rate lass/gain but that is changing my FCY balance account. Is anyone having the same issue?

00
S
P
paj-salonga-gmai
 Manage Suppliers and Expenses for
David Astuiras
David Astuiras
 Manage Suppliers and Expenses for
S
svlgog
 Manage Suppliers and Expenses for
A
asim-qaiser-ashc
 Manage Suppliers and Expenses for
A
account13
 Manage Suppliers and Expenses for
M
melkhafif
 Manage Suppliers and Expenses for
A
accountant-celes
 Manage Suppliers and Expenses for
A
ayah-abdullah202
 Manage Suppliers and Expenses for
A
accounts-deliver
 Manage Suppliers and Expenses for
I
irina-bodrikova
 Manage Suppliers and Expenses for
I
info-natureal-ae
 Manage Suppliers and Expenses for
I
info-natureal-ae
 Manage Suppliers and Expenses for
Show more activity
Start a discussion
Need QuickBooks guidance?
Log in to access expert advice and community support instantly.
Terms & ConditionsAccessibility statement