YE ADJ entries with US and CAD

Question

How can I enter adjustments in the same journal using both our CAD and USD bank accounts. I can only use one. CAD is our home currency. When I use the dropdown to USD for that account entry all is well, making entries with the other accounts that are CAD, but I cannot enter my CAD bank account. What I did in the interim is two separate journals, one CAD, and a single entry journal for the USD.

Erzsi_I · Answer

Hi TRood01 ,

Thank you for reaching out. Looks like you're using Sage 50 Canada so I've moved your post to it's forum.

To adjust your bank account balance, you can follow the steps outlined in this article to enter two journal entries to adjust the CAD balance for the USD bank account. The first entry involves finding the difference between the current balance and the desired balance, and the second entry involves entering the exact reverse of the first entry. If you need further assistance, please don't hesitate to reach out.

Warm Regards,
Erzsi

Sage 50 Canada

YE ADJ entries with US and CAD

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