Fix Bank Rec

[johnhugh]

Hi, we're using Accpac 6.
Functional currency is USD, bank currency is AUD.

I have an AUD bank, in which the GL balance is lower than the book balance.
I've used the bank reconciliation posting journal report the track the variance.
The variance is always the same amount.
Could trace it back till 2011, but journals seems to have been cleared before that.

How can I fix the variance?
I kind of have to increase the source balance of my GL account which is AUD and different to my functional currency USD?
Not sure whether that's corect and how to do it.

 

[johnhugh]

I think I can just do a journal entry with the variance in the source currency and leave the functional currency zero.
Is that correct?

 

[Jay Converse]

Do a bank entry using the bank's GL account.

 

[johnhugh]

Thanks, although it's GL that's incorrect thus the bank entry won't work.

 

[Jay Converse]

Then do a GL entry like you said.

 

[johnhugh]

Thanks