Click General ledger> Setup> Exchange rates.

Click the Exchange adjustmenttab.

Select the Amount difference in tax accountingcheck box to set up parameters for the currencies that the amount difference is to be calculated for in tax accounting.

Press CTRL+S or close the form.

Click General ledger> Setup> Amount difference parameters.

On the Generaltab, clear the Amount difference in business accountingcheck box.

Click the Sales/Customerstab.

In the Expense codefield, select the expense code to be used as a tax dimension for the amount difference transaction that occurs during the settlement of invoiced accounts and customer payments, if the amount difference is a loss.

In the Revenue codefield, select the revenue code to be used for the amount difference transaction if the amount difference resulting from the invoice and payment settlement is a profit.

In the Sales profitsfield, select the ledger account that any amount difference profit resulting from the settlement transactions will be posted to.

In the Sales lossesfield, select the ledger account that any amount difference losses resulting from the settlement transactions will be posted to.

In the Unrealized incomefield, select the ledger account that any amount difference profit resulting from the revaluated transactions will be posted to.

In the Unrealized lossesfield, select the ledger account that any amount difference losses resulting from the revaluated transactions will be posted to.

Note
The name of the account selected in the above fields is displayed in the corresponding fields under the Customer postingfield group. The Ledger postingfield under the Customer primary postingfield group displays Deviation from the cost priceaccounts by default.

Click the Purchases/vendorstab.

In the Expense codefield, select the expense code to be used as a tax dimension for the amount difference transaction, if the amount difference resulting from the settlement transactions is a loss.

In the Revenue codefield, select the revenue code to be used for the amount difference transaction, if the amount difference resulting from the settlement transactions is a profit.

In the Deviation - profitsfield, select the ledger account that any amount difference profit resulting from the settlement transactions will be posted to.

In the Deviation - lossesfield, select the ledger account that any amount difference losses resulting from the settlement transactions will be posted to.

Note
The name of the account selected in the above fields is displayed in the corresponding fields under the Vendor postingfield group.

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Click the Accounts payable> Common Forms> Contracts.

Click the Financialtab, and select the Amount difference in tax accountingcheck box to include the amount difference in the tax accounting for each contract.

Press CTRL+S or close the form.