multicurrency rounding errors
I use Quick Pro 2010. There are always multicurrency rounding errors. Are there any updates to extend the decimal points to 7 digits as sometimes the amount involved more than 100 thousand dollars.
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01/05/12 7:19pm PST
Viewed by asker 02/10/12 11:51pm PST
Viewed by asker 02/10/12 11:51pm PST
3 Replies
01/21/12 2:09am PST
- I have found the same problem since we updated QB from QB 2004 to QB 2012 recenty. The number of decimal places is no longer enough to get a payment for most invoices in $'s or EUROs received into our sterling account at he same exchange rate as the transaction appears on our bank statement. This is very frustrating indeed
01/27/12 12:52am PST
My QB Pro is 2010 and yours is 2012. In this three years this problem should be solved, I think, are there any other solution we do not know?
02/08/12 10:21am PST
Latest post
I have the exact same problem. I deal in Japanese yen quite frequently. The rounding errors, caused by too few significant digits allowed in the exchange rate input, create rounding errors that create headaches downstream.
For example, I pay in JPY. The bank converts using the prevailing exchange rate. I try to put that same rate into Quickbooks but it truncates. Then the transactions do not, and will not MATCH when I go to reconcile.
This is very frustrating and I cannot find a solution anywhere.
