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Error when revalue open currency balances

edited Jun 2, 2025 2:24PM in Ask A Guru 8 comments

Hi,

I want to revalue an account in our subsidiary in Uruguay. It's a bank account, that it's set with USD currency.

Book1 is Local Currency, book2 is USD Dollar.

Consolidated balance in local currency (usd because is a subsidiary from USA)


In order to revalue, it takes the USD dollar from the Consolidated Balance, USD 4.802,99 = Local currency 213.883,92 / Exchange rate 44,521

The correct USD to take to revalue are 5.050,40 multiplied for the exchange rate 44,521, and then you have the account. The problem is that this amount in local currency, it is not correct, in order to be correct first it has to revalue.

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