Currency loss/gain

Im having problems with currency loss/gain with end of year process. Ive created a journal and offset amount to currency charges. They get removed from balance sheet but for some reason re appear on the bank account list next y/end. These are old bank account which are closed.

Account number 6131465448

Did you create a normal journal or did you use the special function on the foreign currency bank account settings to create the correction? Normal journals against a foreign bank account adjust the foreign balance as well as the GBP equivalent, it’s only the special type that will adjust the GBP without changing the currency balance.

Hello @danmills

Looking at your account, it looks like you have just created a standard journal

Please refer to the “Journal out a currency loss/gain in a foreign bank account” section of the below article.

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