Report currency journal entries
When your company uses report currencies, the General Ledger lets you create journal entries in the reporting currency only. The purpose of these entries is not to modify existing transactions, but to create new ones.
Uses of report currency journal entries
A common use of a report currency journal entry is to remove the automatically generated balancing entries from the report currency adjustment account so the account does not appear in the balance sheet for the reporting currency. For example, if your report currency adjustment account shows a debit entry of $10.53, then you can create a reporting currency journal entry crediting the currency adjustment account with $10.53, and debiting one or more other balance sheet accounts with amounts totaling $10.53.