0.01c balances in Aged Receivables for fully paid invoices due to currency conversion

Question

We are running multi currency in Accountright Premier online.  We invoice and receive payments in USD.  However some invoices that are fully paid and showing a 0 balance owing in USD, when presented in the Aged Receivables report (which is in AUD) are showing a 0.01 balance due - presumably due to small differences when the exchange rate is applied.  How do we get rid of these?

JRW · Answer

Oh fabulous...  But somehow I'm not surprised.

GEB · Answer

Hi JWR - good luck getting an answer from MYOB on this one.  I've had the same problem for both debtors and creditors US$ accounts.  I've tried writing it off as a discount many times but "bingo" there it is again.  VERY FRUSTRATING