Specifying G/L Accounts for Gains/Losses and Residuals with an Additional Currency

If you post in the general ledger in both LCY and an additional reporting currency, you will need to record currency gains and losses when the exchange rate between LCY and the additional reporting currency changes. Before you can do this, you must set up the additional currency in the Currencies window and specify it as an additional reporting currency.

To Specify G/L Accounts for Gains/Losses and Residuals with an Additional Currency:

1. Open the Currencies window.

2. Fill in the Realized G/L Gains Account, Realized G/L Losses Account, Residual Gains Account and Residual Losses Account fields. For Help about a specific field, click the field and press F1.

Related Topics

Setting Up for Posting in Additional Reporting Currencies

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