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.
Related topics