How to Remove "Unrealized Loss on Foreign Exchange"

Buzuobar

Reports > Profit & Loss Statement

I noticed that the Operating Expenses are off on the P&L Statement. When checking for detailed, i've found a payment under "Unrealized Loss on Foreign Exchange".

Is there a way to remove it?

Barsin

Hey there @Buzuobar

The unrealized loss on foreign exchange is essentially the hit that your business took from exchanging foreign currency invoices to your native currency. Wave imports our currency exchange from xe.com. When you notice an expense here you will essentially when you sent your invoice to your client, the marked it as paid, the exchange from the foreign currency shows that you lost an amount on the invoices or transactions. To find these transactions you can head to Accounting > Transactions > Filter > Then search for the loss on foreign account.

Hope this helps!