In Canada with some US$ sales. Simply Accounting tracks all the exchange rates. US$ account is OK but Simply displays what it thinks is $ value Canadian on the balance sheet... totally whacked of course.
When I revalue before displaying the balance sheet it displays the US$ amount at current exchange rates in Canadian funds and is correct. In order to do this it throws a $270 loss in the equity section calling it "Unrealized Gain/Loss on Revaluation".
I suspect if it was a positive amount the TaxMan would want his share. Anyway how do I get this off the balance sheet? I can't access that account to put it in an expense account... at least I've not figured it out yet. Can't credit the US$ account as that would throw it out to lunch.
Anybody know what to do about this?
-- Dave