Hi Guys,
Am confused as to why my multicurrency ledger classifies currency adjustments as "realised" currency adjustsments when most are unrealised and simply re-valuations of investments.
The chart of accounts appears to only allow currency adjustments to be set up as "other expenses". There is not option to set up as an asset or liability.
Any advice appreciated.
Regards, David
Thank you for your reply. Its most appreciated.
Unfortunately I am not sure how this is working.
The P&L report shows under Other Expenses
- Unrealised Gain or loss 0
- Exchange Gain or loss 300,000
The figures should be the other way around, ie unrealised gain or loss should be 300,000
