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Multicurrency Issues

CeeJayCeeJay 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 ?

Comments

  • ZappyZappy Accredited Partner Posts: 4,768 ✭✭✭
    edited July 22

    Did you look in the help files?

  • CeeJayCeeJay Member Posts: 3

    "The set exchange rate is 1.29"

  • CeeJayCeeJay Member Posts: 3

    $25,100 x 1.29 = $32,379 not $69,740.27.

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