LEDGER RELINK

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Hello

I captured several transaction using the wrong exchange rate and posted in the safe. After noticing the error, I then captured the correct exchange rate. Can a general ledger relink recalculate the balances using the correct exchange rate?

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    SUGGESTED

    Good Morning Ntombozodwa

    The only way to correct an incorrectly captured transaction is to do the following:

    1. Reverse the transaction with a second transaction. The second transaction is just the opposite of the original transaction. 

    2. Capture and process the transaction as it was supposed to be initially.

    So, I doubt that a GL Relink will fix the incorrect exchange rate mistake.

    But please elaborate also further: Exactly what type of transactions did you capture/process initially? 

    And how did you then captured the correct exchange rate? Was is on a new transaction?

    Please provide as much details as possible.

    Kind Regards

    Bennie 

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    SUGGESTED

    Hello , 

    Did you see the answer shared with you by Bennie?

    If so please engage on the response otherwise if the answer did help please click on Verify answer.

    Sharon