Cumulative Translation Adjustment ($0.01) issue showing in trial balance - how to fix it

AI generated answer (using internal Slack threads):

****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** The Cumulative Translation Adjustment (CTA) is the foreign currency impact of translating a balance sheet to the reporting currency. It doesn't settle but keeps accumulating. If you're seeing an unexpected balance, it could be due to a few reasons: 1. Incorrect elimination: Check for any old manual entries in the Elimination book that were made to force the balance. Also, look for duplicate entries due to Period Adjustment Closing. 2. Mismatched dates of non-advanced intercompany entries and transactions: Sometimes cash transfers between subsidiaries are recorded on separate entries with different dates (date initiated vs. settled). This can cause discrepancies. 3. The checkbox for Eliminate is not checked on relevant transactions and entries: Ensure that this checkbox is available on the form and checked on relevant transactions and entries. To better understand the flow and pinpoint it down to the transaction level, you may want to create a search at the line level with the amount in the base currency of the subsidiary and with the FX amount for the same line. Remember, the CTA balance can increase over time due to foreign exchange fluctuations, especially if you're dealing with different currencies.