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Gains or losses are only realised after the transactions have been collected or paid. That's why QuickBooks Online shows the effect on account types such as bank accounts as a realised foreign exchange gain or loss.
You can review information about Home currency adjustments through this article: Frequently Asked Questions about Home Currency Adjustments.
About setting up an asset or liability account for the currency adjustment, QuickBooks place amounts as an Other expense on the Profit and Loss report for the period.
Check out these articles for related questions and topics about home currency adjustment.
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