Advanced Journal Entries | Eleven Accounting Software

In this guide

Creating a Journal Entry in Multi-currency

On the navigation bar, select the Accounting tab and General Ledger menu.
Click on the New Fiscal Year button in the Fiscal Year list view. *Note: If you want to import past fiscal year data in Eleven, you will need to create your first fiscal year from the date you want to start using Eleven.
Complete the journal entry form.
To select a different currency, click on the currency dropdown and select the currency. You can change the rate, the currency amount and or the base amount.
‍*Note: If you cannot find a specific currency, you might have not set it up. Learn how to add a currency here: Define Currencies for Companies
Click the New Journal Entry button on the right.
If journal entry is balanced, status will be updated from Incomplete to Drafted. Only journal entries with Drafted status can be posted.

Create a New Journal Entry then under the Document type, select Unrealised Gain/Loss.
Fill up the necessary fields and click Save & Add Line.
You can automatically generate the Unrealised Gain/Loss calculations with either only posted entries or both drafted and posted entries.
Click on Generate with posted entries or Generate with posted and drafted entries.

*Note:
- To create an unrealised gain/loss entry, make sure you do not already have an active unrealised gain/loss entry. If there is a posted unrealised gain/loss entry, reverse the entry to create a new one. If there is a posted unrealised gain/loss entry, delete or reverse the entry.
- Also make sure there is/are journal entry(ies) with FX transaction(s) and the currencies settings are completed.

From the General Ledger under a Vendor/Customer Account, select the journal entry lines with foreign currency to reconcile.
Under Actions, click on Reconcile AR/AP.
There will be a prompt to inform that a Unrealised Gain/Loss entry will be generated to balance the journal entry.
Click on Generate Entry.

Under the Actions menu, click on Reverse.
Select if the reversal entry is based on the original entry’s date or today’s date.
Click on Generate Reversal Entry.

Go to Manage my companies at the top right corner..
Click on the ellipses of the Fiscal year you want to generate the carry forward, and from the menu select Carry Forward.
Select the account the carry forward should be generated with and click on Create Entry.

Note: Carry Forward entry will be automatically generated again and updated when the previous FY is closed.

Article Information

✍🏻 Written by: Eleven Support Team
🔎 Reviewed by: Noe Saglio
🗓️ Last Updated: November 12, 2025