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Currency Reavaluation warning

  • 15 January 2021
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How to handle the following warning when you set account to “currency balance” = yes when this account already has postings:

“Account xxx already has balances in internal/general ledger. Manual adjustement might be necessary in order to get the currency balances to correspond to the accounting /parallel currency balances. Do you want to continue?”

 

How to make the required “manual adjustements” in order th have this account properly revaluated ?

 

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Best answer by Nick A 9 February 2021, 11:38

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Hello,

The error message is basically saying if you have had some transactions that have gone through this account in a currency other than accounting currency, in order to see currency balance for historical periods, you will have to do a manual adjustment to get the YTD/PTD balances correct. If you only wish to see currency balances from current period onwards, there is nothing to do here. :)

 

Regards

 

Nick