Currency revaluation

I noticed that Manager’s currency revaluation only covers the following accounts:

  • Accounts receivable (for the customers in a foreign currency)
  • Accounts payable (for the suppliers in a foreign currency)
  • Bank accounts (for the bank accounts defined in a foreign currency)

We have some other balance sheet accounts that do not belong to any of the above categories but are using a foreign currency. For example, our base currency is USD, we have a partner in Singapore who borrows money in SGD from us. So the amount due from that partner is in SGD, say SGD 10,000. At the yearend this amount should be revaluated based on the yearend exchange rate of SGD/USD. But Manager does not do it.

What should I do? Add extra lines in the Currency Revaluation sheet? But this seems to be something the software should take care of. Please help!

Top-level balance sheet accounts do not support foreign currencies.

You should create special account under Special Accounts tab which fully support foreign currencies.

See: https://www.manager.io/guides?balance-sheet-account-form