• From: USA
  • Registered: 03/05/2018
  • Posts: 123

Topic: Mysterious foreign exchange gain

I was just looking at my trial balance and I have a foreign exchange gain of $0.01. When I click on the reference link, it brings up and invoice in USD (my local currency). Actually all of my customers pay in USD. How can this happen? Is it just in the trial balance or is there a GL entry with a foreign exchange gain?

oakstreet1's Website

  • From: USA
  • Registered: 03/05/2018
  • Posts: 123

Re: Mysterious foreign exchange gain

I was going to search the GL for an entry in "Foreign exchange gain", but there is no such account in my COA. I guess this is something the Trial Balance report calculates??? It still doesn't make sense when there was no currency conversion used.

oakstreet1's Website

  • From: USA
  • Registered: 03/05/2018
  • Posts: 123

Re: Mysterious foreign exchange gain

Having researched this, it looks like a problem with the Trial balance, not with the invoice referenced by the report. This post probably belongs in the Reports section.

oakstreet1's Website