The impact of bank account exchange rates

The impact of a bank or cash register exchange rate change is not calculated directly (as it may be with suppliers or customers) in MonetShark. This must be done through the Ledger function.
Attention : when manually entering the impact of a bank account exchange rate change, the amount of the balance sheet account will not match the amount of the bank statement report.

Before assessing the impact of exchange rate changes, it is necessary to ensure that the amounts in the currency are reconciled with the bank statement. Then the bank account balance report shows the balance at the exchange rate of the relevant day:

This balance, if the currency effect is not recalculated for that day in the general ledger, will not match the balance in the general ledger account for the corresponding day.

After assessing the impact of exchange rate changes, the amounts in the above statements must match.

Attention: the amounts may not match if some of the transactions are entered not through a bank account, but directly into the general ledger (that bank account).