Dear Team,
We have one supplier in currency USD We have made opening Entry for the year 22-23
Entry JV
Creditors For Raw Material USD 100$ ( Debit ) @80.00 INR
Opening Balance 8000 INR ( credit ).
Thorough out the year All the transactions are being done.
The last year closing some amount in balanced in INR not in USD . as difference is exchange gain & Loss.
While making the Reconciliation with payments and Invoices… It will be asking the set the exchange gain and loss but… it will only ask when the payment is done by the Payment Entry ( Not Via JV or Opening ).
We have also tried Exchange Rate Revaluation to clear the exchange gain and loss but there is no USD amount amount left in ledger.
Any solutions?