Accounts Receivable - Foreign Exchange adjustment at Year End?

Wendy Jones

Can anyone tell me how to adjust a foreign account balance that is outstanding against a customer at year-end, so that the Accounts Receivable shows the correct home currency value as at 31/03, for reporting in the year-end accounts?

Thanks

Wendy

Tanvi_kataria

Hi @Wendy Jones

Regarding your concern, please find the attached article for your reference - Understanding Net Worth Reports in a Multi-currency Reckon Accounts file - Reckon Help and Support Centre

I am hoping this will help you get the issue resolved. Feel free to let us know for any concerns/issues. Thank you!

Regards

Tanvi

Wendy Jones

Hi @Tanvi_kataria , Thank you for the response and helpful article. Would you be able to look at my query on how to prevent these Foreign Exchange journals showing up in my Accounts Receivable and Accounts Payable reports? Even when they are reversed and these is nothing outstanding the "Customer"/"Supplier" still appear on these reports. Please see my earlier question regarding this?