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Bank Balance and Balance (LCY) differences

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Posted on by Kelvin Muchirewesi

Can you please assists with interpreting this figures, My Bank Account Balance is shown in positive (to me signal inflow) but the system is showing the same amount in Balance (LCY) in negative as shown below:

Isn't that Balance (LCY) must be in positive as the Balance in bank currency?

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Community Member on at

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RE: Bank Balance and Balance (LCY) differences

Kelvin,

Balance (LCY) or Balance Local Currency of the Company. Balance = the Bank Accounts Balance in the Currency Code, if different from LCY. For example, the Bank Account could be EURO and Bank Account Balance LCY could be USD.

To understand the difference is to first know what your Company LCY currency is and then what the Bank Account Card Currency is. You can also see each posted entry Amount and Amount $ (LCY) that has been posted by looking at the Bank Ledger Entries. Here is an example:

and here is Bank Ledger Entries:

Hope this helps.

Thanks,

Steve
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Inge M. Bruvik 1,029 Moderator on at

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RE: Bank Balance and Balance (LCY) differences

Maybe you have one or more transactions where you have used a currency exchange rate that is way off?

I would start by looking at transaction level to see if you can find any transactions that sticks out.