I am going to put the question in a way that hopefully avoids the 'ask an accountant' non-answer that I have read throughout this thread from QB staff:
How do I adjust the balance for a currency account shown on the balance sheet without affecting the figures QB uses for its bank transactions register? This is not an 'accounting' question. It is how does the software enable this common situation to be rectified - an event that clearly many others have encountered?
The number on the balance sheet and that on the bank transaction register have become unaligned, meaning that the bank transactions register shows and reconciles in my case to a zero balance, but the balance sheet indicates another amount. I understand that the difference is to do with currency exchange differences (the way QB stores currencxy transactions), but I do not want to re-visit potentially hundreds of transactions that have caused that difference, I just want to be able to zero the figure on the balance sheet, without impacting the figure shown on the bank transactions register (which is, correctly, zero). How do I do that?
I am using Quickbooks Online Accountant.
