If you ever post an FX adjustment from Mayday, but later need to change it, just follow the steps below.
This often occurs where an adjustment is posted prematurely, i.e. before the one-sided issues are resolved, or before your desired FX rate has been setup.
How to update an FX adjustment
FX adjustments are designed to reconcile the remaining difference between loan accounts. So once posted, the loan accounts will balance and look like so:
If something was to change in the loan accounts subsequent, you may see a small discrepancy appear - and now you are given the option to "update FX adjustment".
Clicking this pulls up the journal, with the updated figures, so you can simply click "Update". This will update the journal in Xero.
Note: Mayday also provides the option to "Recreate". This will recreate the journal altogether. You would then want to void the original from within Xero directly.
How to delete an FX adjustment
If for any reason you have posted an FX adjustment and want to delete it / start over, you can do this simply by voiding the journal in Xero and syncing the changes in Mayday.
For example, here we have a loan account with a posted FX adjustment:
Select 'view details' and then follow the deep link to access the journal in Xero.
Then void the journal in Xero directly. And click "Sync" in Mayday.
Once the sync is complete, the loan will then revert to this, and you will again have the option to "Add FX adjustment..." when you're ready to post.
