Multicurrency Issues
CeeJay
Member Posts: 3 Novice Member 
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 ?
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"The set exchange rate is 1.29"
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$25,100 x 1.29 = $32,379 not $69,740.27.
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