Reconciling accounts containing foreign transactions
When you are reconciling your bank statement, the foreign currency transaction amounts listed in your statement will often not match those listed in your company file. This is because the exchange rate used by the bank is different from that used in your company file at the time of the transaction.
There are two methods by which you can reconcile accounts containing foreign transactions:
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If you have your security preferences set to allow records to be changed, simply click the zoom arrow (
 ) for the transaction in the Reconcile Accounts window to display the original transaction. Click Rate and change the exchange rate to match the bank statement. |
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If you have the security preferences set so that records cannot be changed, click the zoom arrow (
 ) next to the transaction, choose Reverse Transaction from the Edit menu, and re-enter the transaction with the correct exchange rate. |
