EUR account does not balance

[ian_roberts]

This is normal for foreign currency accounts, the GBP balance will drift as the incoming and outgoing transactions are at different exchange rates. You can correct it using “record currency loss/gain” on the bank account settings:

Invoicing in foreign currencies

Introduction QuickFile provides full support for multi-currency sales invoicing, purchase invoicing and banking. You can easily raise invoices in over 100 different currencies and QuickFile will automatically track your gains and losses using real-time exchange rate data. How can I setup Multi-Currency Invoicing? By default the multi-currency tools are switched off. You can easily activate them from the ‘account settings’ area in your QuickFile account. [image] From the multi-currency settin…

This is a special type of journal that resets the GBP nominal balance to the current exchange rate without changing the foreign currency balance, with the matching figure going to currency charges.