So this is a little tricky. Here's the scenario.
- You are running a multicurrency QBO file.
- You are using Plooto to make payments
- You are using Plooto to make payments in a currency other than your home currency
When Plooto pushes over the transaction of the payment of a bill to QBO, it defaults to a 1:1 exchange rate. However, QBO will still determine what the actual $ exchange is and posts an entry to an Exchange Gain/Loss Account on the P&L.
To correct this, you need to open the transaction in QBO and manually change the exchange rate for that day. This will clear the balance from the Gain/Loss Account as well.
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