Multicurrency Bank Reconciliation


All bank rec users who perform reconciliations on banks held in foreign currency must enter an exchange rate for the adjustment period, preferably with the same date for the period's statement date. Then an adjust exchange rate must be performed for all transactions, posted on the statement/period end date.

Once the adjust exchange rate program has finished, the bank rec worksheet should be started and a suggest lines on the bank reconciliation performed.

If the bank rec is started prior to the adjustment entries posted via a journal or the exchange rate adjustment periodic utility is ran, the GL amount must be recalculated on the bank reconciliation worksheet card.