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NSC | How is Unrealized Gain/Loss Currency Revaluation calculated in Accounts Payable/Receivable?

edited May 25, 2023 2:25AM in CRM

Scenario: User have an Invoice recorded in 1,065 Euro and the Base Currency of the Subsidiary is in USD:

At month end, user have an Unrealized Gain/Loss Currency Revaluation:

Breakdown of amounts as per SuiteAnswers Id: 15060

Transaction Exchange Rate – Rate of the foreign currency to the base currency used on the transaction

can be found in the accounting tab of the Invoice:

Ending Exchange Rate – Rate of the foreign currency to the base currency as of the last day of the posting period

In this case, 12/31/2022

Gain/Loss – Difference in the base currency amount calculated as (Ending Exchange Rate minus Transaction Exchange Rate) multiplied by Balance. A positive number indicates a gain.

Patrick Fresnosa | Advanced Accounting | SRP | Ask a Guru

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