Currency accounts for revaluation and translation

Currency gain/loss default accounts, also known as currency accounts, are required for currency revaluation and translation. Currency accounts are defined as part of the System Accounts setup. You must have at least one account for unrealized gain and loss, and one account for translation gain and loss. You can use separate accounts for gain and for loss.

Currency accounts are used in each chart of accounts. Summary and posting accounts can be overridden depending on your reporting basis requirements