dollars.īecause you’ve trained them well, they figure out they need to use the Home Currency Adjustment function, because the problem has to do with fluctuating exchange rates over time. Remember, the Balance Sheet is a summary type of report and all balances are reported in the home currency, in this case, U.S. If you work with multi-currency users of QuickBooks, you more than likely have had a client call you in a panic about a foreign bank account they closed out.ĭespite the fact that the balance in a closed bank account is obviously zero (in any currency), a non-zero home currency balance (either positive or negative) appears for that account on their QuickBooks Balance Sheet.
