Setting a gain loss account

The Is Gain Loss Account field is only found in the chart. Select the field for the accounts representing the unrealized gain loss accounts and the translation gain loss accounts. This can be set manually or with the Set Currency Account Flag action.

  1. Select Financials > Global Ledger > Setup > Finance Enterprise Group > Maintenance.
  2. Open the finance enterprise group and click the Chart tab.
  3. Open the chart and click the Hierarchy tab.
  4. Open the posting account that you want to set as the gain loss account.
  5. On the Main tab, select the Is Gain Loss Account check box.
  6. Click Save.
  7. On the chart, select Actions > Set Currency Account Flag. This field will be selected for accounts defined as unrealized gain lost accounts and translation gain loss accounts found on the Currency Account tab.