Differences between the Default currency and the foreign currency in trial balance

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Posted on by Karim Elshafie

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When i print out the trail balance for the last year i found a closing balance in the closing balance filed for the bank accounts. and when i select the desired recorded and press on all transaction for the more details i found the total of the foreign currency is zero but field of amount in reporting currency has a value.

how can i deal with this amount as the total amount or the sum of the amount by the foreign currency is zero but with the reporting currency has a value.

i need the amount of the reporting currency became zero as the foreign currency, what is the procedure that i can do without effecting the foreign currency

regards and thanks for your support

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BillurSamdancioglu 21,399 Most Valuable Professional on at

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Hi,

Have you run the revaluations?

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Karim Elshafie 137 on at

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Hi,

yes i ran the process of foreign currency revaluation, but it didn't affect the Values

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BillurSamdancioglu 21,399 Most Valuable Professional on at

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May someone has posted transactions from reporting currency journal?

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Karim Elshafie 137 on at

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when I press on all transaction option for the desired record and export the displayed data to excel, i found all transaction with the foreign currency.

I could sum the total of the transaction in the Amount in transaction currency, and it's ZERO, however the total of Amount in reporting currency is a huge number

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BillurSamdancioglu 21,399 Most Valuable Professional on at

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Yes, In those transactions are there any values that transaction currency is zero but has reporting currency? and are those been posted from revaluation or reporting currency journal. I

Also this may be cause while revaluations are done both in the AP/AR modules and GL at the same time

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Karim Elshafie 137 on at

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-- In those transactions are there any values that transaction currency is zero but has reporting currency?

- No, all rows have values.

-- are those been posted from revaluation or reporting currency journal.

- all transactions are (vendor payments, General journals, and invoice journal)

-- Also this may be cause while revaluations are done both in the AP/AR modules and GL at the same time.

- i ran the revaluation process. once in AP

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BillurSamdancioglu 21,399 Most Valuable Professional on at

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Does the transactions posted from general journal has vendor module relation?

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Karim Elshafie 137 on at

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sorry, i didn't get your point.

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Karim Elshafie 137 on at

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i have tracked some of the General journal transaction and the account types are (bank and ledger) as a transfer form SAR to GBP. so, it's a transfer form default currency to the foreign currency

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Karim Elshafie 137 on at

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i have edited the main post to add a screenshot for the general journal entry

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