Ann Daechsel
Member
We have companies with base US and Canadian $. the scenario I am trying to do is: the Canadian company sent Canadian expenses to the US company (inter company is recorded in CDN $). The US company pays in USD (inter company is recorded in US $). the inter company account is translated at the date of transaction but there is a disconnect with the currency and the revaluation process picks up the unrealized gain/loss for the Canadian amount and this will never clear. How do I record the USD payment that clears the CAD balance?
Has anyone figured out how to do this?
Has anyone figured out how to do this?