Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
How to revaluate the Revenue and Invoice Accounting Entries — Cloud Customer Connect
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

How to revaluate the Revenue and Invoice Accounting Entries

Received Response
21
Views
7
Comments
edited Nov 24, 2021 8:40PM in Project Management 7 comments

Summary:

Revenue and Invoice Accounting Entries-Exchange Rate Issue

Content (required):

Hello, In Mexico we have several contracts in USD and the Ledger is in MXN Pesos and I was wondering if you can share with me any ideas about the following issue.

How to knock off the account Unbilled Receivables is the exchange rate changes every month, do I need to do a manual journal entry to revaluate the USD amounts.

Please Advise

Revenue

Dr Unbilled Receivables

Cr Revenue

AR Invoice

Dr Accounts Receivable

Cr Unbilled Receivables


Version (include the version you are using, if applicable):

R13

Code Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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