Important: Home currency adjustments change the home currency value of your foreign balances. These adjustments affect your balance sheet accounts and we recommend that you work with an accounting professional before entering these adjustments.
At the end of a reporting period, when you need your financial reports to reflect a current home currency value of your foreign balances, enter a home currency adjustment.
Until the home currency value of your foreign balances is recalculated using current exchange rates, your reports reflect the home currency value based on the exchange rates used at the time of each transaction.
Note: Home currency adjustments do not affect foreign balance amounts.
You can create an Unrealized Gains & Losses report to see the current home currency value of your foreign balances.
Enter a home currency adjustment