Multicurrency Issues
CeeJay
Member Posts: 3 ✭
How does reckon calculate the AUD equivalent of a foreign currency account in the ledger?
My USD balance is USD25K. This shows in the register and the bank reconciliation. The set exchange rate is ~1.29 so I would expect a converted AUD equivalent on the balance sheet of about AUD$32K. The balance sheet/general ledger balance is showing as $69,740 ?
0
Comments
-
"The set exchange rate is 1.29"
0 -
$25,100 x 1.29 = $32,379 not $69,740.27.
0
Categories
- All Categories
- 6.7K Accounts Hosted
- 5.9K Reckon Accounts (Desktop)
- 3.2K Reckon One
- 136 Reckon Payroll Upgrade for Reckon One 🚀
- 10 Reckon Invoices App
- 939 Reckon Payroll App & Web
- 21 Payroll App - Help Videos
- 18 Reckon Mate App
- 14 Reckon Insights
- 107 Reckon API
- 952 Payroll Premier
- 120 Payroll Premier upgrade to Reckon Payroll ⤴️
- 325 Point of Sale
- 1.9K Personal Plus and Home & Business
- 68 About Reckon Community