Generate Currency Gain/Loss

The Generate Currency Gain/Loss feature provides a tool for generating realized gains and losses on documents that have been fully paid. It selects payables and receivables documents that have a zero balance in document currency but, due to currency fluctuations, have a balance in company or base currency. The process creates journal entries to adjust the balances.

The Generate Currency Gain/Loss feature also includes a tool to restate the company and base currencies values of Balance Sheet accounts for a specific period using the rates stored in the currency revaluation documents (unrealized gains and losses.) The process creates journal entries to adjust the balances.