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bank foreign currency revaluation (unrealized gain/loss)

edited Aug 29, 2023 10:19PM in Ask A Guru 11 comments

hi expert,

im running revalue open currency balance, especially for foreign BANK, what i want to ask is, why NS generate journal to "unrealized gain/loss" and reverse back to next month?

as far as I know in other ERP system, For account type BANK, it should be recognized as "realized gain/loss" instead, without reversing to next month.


what is the reason behind ?

and is there any setup to recognize as "realized gain/loss" instead for account type = BANK ?

regards

agus

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