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Use this form to use current exchange rates to update the company currency value of balances and transactions in foreign currencies in ledger accounts.
The exchange rates of the system date are used in the adjustment. For profit and loss accounts (profit and loss, revenue, and cost accounts), foreign currency transactions that are posted in the specified range are adjusted. For balance sheet accounts (balance, asset, and liability accounts), the balance amount at the end of the interval is adjusted.
In each run of the exchange adjustment, you can select to adjust profit and loss accounts, balance accounts, or both. Companies with significant amounts in foreign currency balance accounts sometimes adjust these accounts on a daily basis, using the appropriate current exchange rate.
The exchange adjustment transactions that are created include the currency code that is being adjusted and an amount that is expressed only in the company currency. Each exchange adjustment takes into account the earlier exchange adjustment transactions in the profit and loss accounts.
Note
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You also can adjust foreign currency transactions in customer and vendor accounts. For more information, see Exchange adjustment of open customer transactionsand Exchange adjustment of open vendor transactions. |
Tasks that
use this form
Navigating
the form
The following links and table provide descriptions for the controls in this form.
Enter criteria on the General tab
Prepare batch processing on the Batch tab
Fields
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Field |
Description |
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The beginning of the ledger account range to create the ledger exchange adjustment for. |
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The ending of the ledger account range to create the ledger exchange adjustment for. |
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The starting of the date interval of the ledger exchange adjustment. |
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The ending of the date interval of the ledger exchange adjustment. |
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The first currency of the transactions or balances to include in the exchange adjustment in the alphabetical currency code list. |
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The last currency of the transactions or balances to include in the exchange adjustment in the alphabetical currency code list. To include only one currency, enter the currency that is entered in the currency code. |
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Select this check box to adjust transactions in profit and loss accounts. |
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Select this check box to adjust the balances of balance sheet accounts. |
Buttons
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Field |
Description |
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OK |
Starts the ledger exchange adjustment process. |
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Cancel |
Closes the form without saving your changes. |
