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Unbilled Receivable (using deferred revenue) not revaluing

edited Feb 25, 2016 11:53AM in Accounting / ERP 3 comments

I read the recent post about revalution of deferred revenue but the part that I don't get is shouldn't the unbilled receivable be revalued each month? We have a sales order in a foreign currency. Because we recognize revenue on commitment, not invoicing,the automated journals post it to deferred revenue and then recognize the revenue immediately. However this is all done in local currecny only so the unbilled currency never gets revalued. Is this a defect?

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