General Ledger - EBS (MOSC)

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Revaluation of Foreign Currency Bank Account

edited Oct 1, 2018 5:10AM in General Ledger - EBS (MOSC) 4 commentsAnswered

Hello,

We have a situation with Foreing currency bank account. Our functional currency is EUR and we have a USD denominated bank account. Bank accounts are defined as an Asset account.

Below is an example:

       

DateDrCrCurrencyExchaneg rateMonth end rateDifferenceGain(loss)
01-Apr-181000 USD1.121.200.0880
15-Apr-18 500USD1.161.200.04-1.16
30-Apr-18 500USD1.181.200.02-1.18
Total10001000 Total77.66
Balance is Zero

So if you see the balance is USD is zero but based on the Oracle Revaluation, every month we get the loss or gain based on the period end rates.

Is there a way where we can state if the balance is zero for bank account then revaluation should not run.

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