Foreign Currency Balance Column of Chart of Accounts is Zero but Balance is Not Zero.

Scenario

When checking Chart of Accounts, Foreign Currency Balance column shows zero however Balance column (in Base Currency) does not.

Solution

  1. Navigate to transaction > Financial > Revalue open currency balances
  2. Check the include box of the account specified.
  3. Click save

The reason is the transactions are not revalued yet, show a balance in the column Balance (in Base Currency) but leave the Foreign Currency Balance to 0.00.

Closing balance for the base currency will be added to the Unrealized Matching Gain/Loss Account.

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