Currency Revaluation Utility

Use this utility to generate realized or unrealized currency gains and losses (due to currency rate changes) for these accounts:

  • Open payable
  • Vouchers payable
  • Receivable

You can run this utility with or without posting to the respective A/P, PO, or A/R distribution journals. When generating realized gains and losses, the utility includes gain/loss amounts previously posted to the A/P and A/R journals.

Posting realized gains and losses rewrites historical rates in the open transactions. Posting unrealized gains and losses creates the journal entries as reversing entries.

Note: This utility should be run prior to creating financial statements.
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