Discussions
Currency Revaluation - 0 balance in foreign currency but has a balance in base currency
In July, we recorded a journal entry of 16,800 usd (foreign currency)
In august we have 2 journals to close the first one: 1400 usd and 15400 usd
We did currency Revaluation in August, September (both yen (base currency) and usd balance are 0 - correct.
We did currency revaluation again but this time, base currency has 1 yen balance. Usd is still 0.
What can we do to make this zero?
We also have a 2nd scenario ( non currency Revaluation type)
We have multiple journal entries in usd spread in different dates (different exchange rates). The journals are not linked together.
At the end of October, the usd balance is 0 but base currency has a balance of 1 yen.