At the end of each financial reporting period, you must revalue the remaining cash balance in a bank account in currency. All of the receipt and write-off operations that are performed for the funds in the bank account are reflected in the Bank transactionsform.

  1. Click Bank> Setup> Parameters.

  2. On the Number sequencestab, in the Referencefield, set a number sequence for Bank – Exchange adjustment.

  3. Press CTRL+S or close the form.

  4. Click General Ledger> Setup> Exchange ratesto open the Exchange ratesform.

  5. On the Postingtab, select the ledger account in the Unrealized lossand Unrealized profitfields for which the exchange adjustment will be posted.

  6. On the Exchange adjustmenttab, select the codes for expense and revenue in the Expense codeand Revenue codefields. These codes will be used as the tax dimension in a transaction that results in a negative or positive exchange rate difference. The other dimensions will be derived from the original receipt or disbursement of funds for the transaction.

  7. Press CTRL+S or close the form.

  8. Click Bank> Periodic> Bank> Exchange adjustmentto open the Exchange adjustmentform.

  9. In the On datefield, select the revaluation date.

  10. In the From currencyand To currencyfields, select the range of currency codes that will be used to conduct the revaluation.

  11. Click the Selectbutton to set up additional criteria for filtering the adjustment.

  12. Click OK.

  13. In the Exchange adjustmentform, click OK. The exchange difference for the selected date is calculated.

    Note Note

    View the completed transactions in the Bank transactions(modified form).

See Also