Foreign Exchange Issue when check cleared and closed : Windward Software Customer Care

Foreign Exchange Issue when Check cleared Print

Modified on: Wed, 20 Mar, 2024 at 10:29 AM

Problem Overview

Foreign Exchange Issue: A US check issued and posted in the previous month resulted in a discrepancy between the debit and credit postings, which was cleared in a closed Bank Reconciliation. These discrepancies are attributed to multi-currency conversion.

Solution

Instead of reopening the bank reconciliation where the check was posted. Correct the exchange rate for that day to resolve the issue.

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