Multicurrency Issues

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CeeJay
CeeJay Member Posts: 3 ✭
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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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  • CeeJay
    CeeJay Member Posts: 3 ✭
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    "The set exchange rate is 1.29"

  • CeeJay
    CeeJay Member Posts: 3 ✭
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    Balance Sheet.png
    Currency List.png
    Bank Rec.png

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

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