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How is Realized Gain/Loss computed in a Payment of Sales Invoice

edited Jun 3, 2022 5:23PM in Accounting / ERP


Realized Gain/Loss Currency Revaluation transactions record the variance due to exchange rate changes between the initial values of transactions (source transactions) and their values upon closure or payment.

Scenario:

A user has a customer that is using CAD. They have created a Sales Invoice using this customer, under a USD subsidiary posted May 9, 2022:

Amount: CAD $1,000

Currency Exchange Rate: 0.771

Converted Amount = Currency Exchange Rate X Amount in Foreign Currency (0.773213  X CAD $1,000) = USD $771


On May 25, 2022 payment was made to the full amount of CAD $1,000:

Currency Exchange Rate is 0.779

Converted Amount = Currency Exchange Rate X Amount in Foreign Currency (0.779 X CAD $1,000) = USD $779

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