Processing Currency Gains and Losses for Accounts Payable

Account Payable Realized Gain/Loss Calculations

To calculate realized gains and losses, you must post payments. Realized gains and losses are based on currency rate entered between purchase transactions and currency rate in payment voucher. When you post payments, the system calculates gains and losses based on whether the exchange rates changed from the date of purchase to the date of the payment. If exchange rates changed, the system creates journal entries for the gains and losses.