Closing an account with multiple currencies: Difference between revisions
From NEOSYS User Support Wiki
Jump to navigationJump to search
(New page: === 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 t...) |
m (1 revision) |
(No difference)
| |
Revision as of 21:25, 31 July 2008
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.
