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GL bank account Currency balance vs. base currency balance incorrect

edited Aug 8, 2023 12:26PM in Ask A Guru 3 comments

Hello Suite people,


i wonder if anyone has tips/suggestions on what would be best practice to fix this issue. After running subsidiary Currency Revaluation (Unrealized Gain/Loss) USD bank balance is almost $0, but base currency is -$33k. its known that this result is because of incorrect exchange rate overtime, but because company cannot touch previous accounting periods (regulations) we cannot fix incorrect ones.


thank you for any suggestions


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