Polish financial law stipulates that unrealized exchange rate adjustments in Accounts Receivable or Accounts Payable can be made as long as they conform to the safe valuation rule. Unrealized exchange rates that are based on this rule use a lower exchange rate than the bank exchange rate or the currency exchange rate.
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For more information, see "Customer exchange adjustment (form)" and "Vendor exchange adjustment (form)" in the Applications and Business Processes Help. |
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Click Bank> Setup> Bank groupsto open the Bank groupsform.
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Press CTRL+N to create a bank group, and enter the required details.
Note
For more information, see "Bank groups (form)" in the Applications and Business Processes Help.
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On the Generaltab, in the Currencyfield, select the currency code of the bank group.
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Press CTRL+S or close the form.
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Click General ledger> Setup> Exchange ratesto open the Exchange ratesform.
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In the Currencyfield, select the currency of the created bank group.
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Click Bank exchange rate.
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In the upper pane, select the bank group that was created in steps 1 through 4.
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In the lower pane, in the Start datefield, select the date for which the exchange rate is valid.
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In the Purchaseand Salesfields, enter the purchase and sales exchange rates.
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Press CTRL+S or close the form.
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Click Accounts receivable> Setup> Parameters
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Accounts payable> Setup> Parameters.
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On the Generaltab, select the Safe valuation rulecheck box.
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Press CTRL+S or close the form.
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Click Accounts receivable> Periodic> Exchange Adjustment> Exchange Adjustment
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Accounts payable> Periodic> Exchange Adjustment> Exchange Adjustment.
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In the Methodfield, select the method to use for the exchange adjustment, and enter the required details.
Note
For more information, see the section "Customer exchange adjustment periodic job (form)" in the Applications and Business Processes Help.
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In the Exchange rate for the bankfield, select the bank group.
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Click OK.
