Is there a way to have only spot currency translations show in the general ledger transactions? I have a USD functional currency but have a lot of activity in my EUR/AUD bank accounts and EUR/AUD purchase invoices. All my other EUR/AUD accounts are constantly revalued based on the EUR/AUD bank account and purchase invoices exchange rates even when there is no activity in the other accounts. In most software programs, only the spot transactions are revalued and then you can revalue the entire balance sheet on the relevant reporting date. Is this possible? Perhaps I’m missing something. Thanks!
Can you provide a more specific example, with screen shots? And answer a few questions?
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What do you mean, exactly, when you refer to “general ledger transactions?” That is a very broad description.
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What do you mean by "all my other EUR/AUD accounts? Bank and cash accounts can be denominated in various currencies but purchase invoices are not accounts. They are in the currency designated for a supplier.
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What do you mean by “other EUR/AUD accounts are…revalued based on the EUR/AUD bank account and purchase invoices exchange rates even when there is no activity in the other accounts?” What exactly do you expect to happen? Exchange rate movement affects everything in a foreign currency.
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What do you mean by “only the spot transactions are revalued…” in other programs?
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Are you aware Manager always presents your balance sheet in the base currency, according to the exchange rate you currently have in effect?