Foreign Currency Balance (report)
The Foreign Currency Balance report displays account balances in both local and foreign currencies for G/L, customer, or vendor accounts and is especially useful for managing multi-currency accounts.
Use cases
Monitor and reconcile foreign currency transactions, particularly during revaluation periods or when reviewing the impact of exchange rate fluctuations.
Tip
Tip:
Here are some tips on how to use the report:
- Run the report for G/L, customer, or vendor accounts depending on your reconciliation needs.
- Use it to identify discrepancies caused by exchange rate changes and to support revaluation adjustments.
- Us it for help to reconcile foreign currency transactions and supports currency revaluation or reporting.
Finance professionals, controllers, and accountants can use the report to:
- Monitor accounts that include foreign currency transactions.
- Reconcile balances during currency revaluation periods.
- Review exchange-rate adjusted financial balances for accuracy.
- Track balances in both local and foreign currencies for better visibility.
- Ensure accurate reporting and compliance with currency valuation standards.
- Support internal audits and financial reviews involving foreign currency.
Try the report
Try the report here: Foreign Currency Balance
Tip
Tip:
If you hold down the CTRL key while you select the report link, the report opens on a new browser tab. In this way, you can stay on the current page while you explore the report on the other browser tab.
Related information
Built-in key finance reports
Ad hoc analysis on finance data
Financial analytics overview