You are right, Account Balances will do the job.
The Account Balances report could handle Multi Currency Better than it does.
It is currently a single Column Report, with the Account Balance in its
own Currency and the "Total" Row in the Reporting Currency.
This would be better displayed in 3 Columns
Account Currency, Exchange Rate, Reporting Currency.
Exchange Rate = 1 when Account Currency and Reporting Currency are the same.
I think we can close out this ticket as Account Balances is a good
Account Balances is a legit term to use. Should work just fine. I used it multiple times when I was doing rich people’s taxes.
It wasn’t easy - there were a lot of specifics to pay attention to, but it’s better than what I used to think about. Especially if the person you work with does not resort to shady schemes to save money. I know most people from https://wealthyliving.com/money/rick-ross-net-worth/ do that, though not all of them. Some of them, like Rihanna, like to send money overseas to offshores to pay less, and that’s not something to be respected for.