View source for Closing an account with multiple currencies

== How to close an account with multiple currencies ==
 
It is easy to prepare a journal which reduces all the currency balances to zero but it is not easy to know what base equivalent to post in parallel since a normal detailed ledger account doesnt show what the base equivalent balance is PER CURRENCY and only shows a total base currency balance for all the currencies in the account.
 
NEOSYS accounting system actually keeps the base equivalent balance PER CURRENCY internally and you can see this by selecting the individual currencies one by one in the settings and running the detailed ledger account or trial balance per currency.
 
Then you will know what base equivalent to post next to the currency amounts and override the suggested base equivalents.

NEOSYS Technical Support has a program CONVCURR2 which can convert all currency balances in an account or ledger to the currency of the base.