Euro bank account reverse journal

We had received funds that were immediately transferred into a new Euro account so I created the account and posted the transfers from the C/A, which created Journals for the GBP balance (as I hadn't given the Euro account a rate), now I want to reverse these or adjust the Euro balance so it matches the Euro account statement. I can't delete or edit the Journals.  

I've tried the revaluation but as I only know the balance in Euro's from the statement I'm sure how to resolve, it's probably something simple so any help appreciated please.

Thanks in advance

  • 0

    Hi LIndz,

    To correct this, you can process a bank transfer from the Euro account back in to the C/A.  Make sure you use the correct exchange rate, as per the original transfer.

    You can then process the bank transfer again from the C/A to the Euro account with the correct exchange rate.

    I hope this helps.

    Kind regards,

    Rachael