OK, now I am really confused.
I have a USD account, which on 30th June was showing a USD balance of $0 when viewed in the bank account view, and a GBP balance of £9.84 when viewed via the balance sheet.
I entered a journal entry as specified:
Now, when viewed on the balance sheet, the account does not appear, because there is a GBP balance of £0. So far so good.
However, when viewed on the bank account view, there is now a negative balance:
and when I look at the bank transactions, there is a new transaction:
This doesn’t match the description in the Invoicing in foreign currencies page:
“When committed, the balance as expressed in the foreign currency will be unaffected but the native currency value (visible in your Chart of Accounts and general ledgers) will be adjusted by the amount specified.”
What have I done wrong?