FX revaluation in bank reconciliation

Question asked by Barbara Azzopardi 7 years ago

On a monthly basis I am revaluing my FX bank accounts.
My functional currency is EUR, and I have foreign currency bank accounts in USD and GBP. When i reconcile my bank accounts at the end of the month, the revaluation amount (which should only be in EUR, and not in the currency of the bank account) is showing up as a reconciling item. This does not make sense, as I am reconciling the USD balance, so the EUR revaluation amount should not be affecting my USD balance.

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Hi Barbara,

It is probably best for you to send an example of what you mean to contact support. The revaluation should only create a journal in the home currency, but we shall see.

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7 years ago

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