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Bank Reconciliation - Foreign Currency
AccNAV_y
Member Posts: 1
Hi All,
I have been trying to carry out a bank reconciliation and when matching the entries I've come across one particular entry (payment) that was posted in foreign currency. The posting was done correctly i.e. Amount in USD is 10 while in LCY is 5.58. (Base currency of the company is EURO and currency in Bank Account card left empty)
Now the problem is that when running the Suggest Lines function , the Statement Amount in the Bank Statement Lines came up in the foreign currency i.e. 10 . This has caused a difference between the statement ending balance which is totalled in LCY i.e. EUR5.58 and the Total balance since NAV is treating the USD10 as EURO! Screenshot attached to show the amounts.
In this case, shouldn't the Statement Amount have been filled in LCY by NAV? Is there a way to fix this?
Thanks!
I have been trying to carry out a bank reconciliation and when matching the entries I've come across one particular entry (payment) that was posted in foreign currency. The posting was done correctly i.e. Amount in USD is 10 while in LCY is 5.58. (Base currency of the company is EURO and currency in Bank Account card left empty)
Now the problem is that when running the Suggest Lines function , the Statement Amount in the Bank Statement Lines came up in the foreign currency i.e. 10 . This has caused a difference between the statement ending balance which is totalled in LCY i.e. EUR5.58 and the Total balance since NAV is treating the USD10 as EURO! Screenshot attached to show the amounts.
In this case, shouldn't the Statement Amount have been filled in LCY by NAV? Is there a way to fix this?
Thanks!
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