I have a system using THB as local currency and USD as system currency.
Now , ive no transactions made in USD, but end of every month fin reports have to revaluated on the basis of a fixed rate.
The balance sheet (when revaluated) shows a Exchange Rate Difference of a small USD 0.15. I am not aware as to how this Excg rate diff is being captured, when all im doing is a revaluation (and my existing data has no USD transactions).
Please throw some details here. Appreciate it.
Cheers,
Gautam