JonSWR
Level 2

Trial balance doesn't match balance sheet by the amount of foreign AR/AP

Hi,

 

I revalue USD accounts at the end of every month and the Balance Sheet appears to report the value on that day.  However, the trial balance uses the un-revalued amounts and so my USD AR and AP do not match the Balance Sheet by the amount of the exchange gain/loss.

 

Is this normal?  How do I correct this?  I would think that the two should match.

 

Thanks,

 

Jon