How to revaluate the Revenue and Invoice Accounting Entries
Revenue and Invoice Accounting Entries-Exchange Rate Issue
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.
Dr Unbilled Receivables
Dr Accounts Receivable
Cr Unbilled Receivables
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