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Currency Revaluation of undeposited funds
The currency revaluation transaction to be used at month end to get the foreign assets and liabilities valuated correctly is revaluating open A/R positions in foreign currencies and bank accounts in foreign currency.
How do I handle customer payments not yet deposited to a bank account? When I later use the deposit transaction to move the amount to the appropriate bank account the exchange rate variance is posted appropriate. But the revaluation transaction to be used at period end does not provide the undeposited foreign currency amounts.
Any suggestions?
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