Journal an out of sync currency account

[nick2]

According to this link:

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…

it says:

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.

However that’s not the case for me. I have an EUR account that is closed, with a 0 balance but credit of £2030.05 in the nominal accounts. When I add a journal to move this to the 7902 currency charges then the bank statement view in EUR also shows the 2030.05, and with the same amount in EUR2030.05.

First, I don’t understand why it’s showing at all, according to the article it shouldn’t show up in the statement view. But secondly I don’t understand why it’s showing the GBP value from the journal, when the account is in EUR?

[QFSteve]

Hello @nick2

You can not correct the currency issue with a manual journal, you would use the “Record currency loss/gain movement” option mentioned in the article you linked

I would suggest

• Deleting your manual journal
• View your bank > Options > Settings
• Record currency loss/gain movement

[nick2]

Thank you, that solved it!