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 ?