Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Realized FX Gain/Loss in General Ledger

edited Jul 9, 2020 6:50PM in General Ledger & Intercompany 4 comments

Summary

Realized FX Gain/Loss in General Ledger

Content

Hello Experts,

You may know that when we can make Invoice payment in AP module for any FX Invoice, the system automatically creates accounting for Realized Gain or Loss. But can we do this through GL module as well? 

Example, Salary Payable booked in Jan-20 @ EUR 0.90 and Journal for payment made in Feb-20 @ EUR 1.0. The difference between difference FX changes should go to Realized Gain/Loss account. 

Do we have any feature in GL to relate any two GL Journals (similar to AP Invoice & its subsequent payment)?

Thanks

Vikash 

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!