Keeping You Up-To-Date With Information About Sage 300
Revaluation of Multicurrency Transactions in Sage 300
By: Bella May, Sage 300 Business Consultant
If you use multi-currency accounting you need to periodically revalue transactions.
A Realized and Unrealized Gain/Loss accounting method revaluation is considered temporary. Exchange gains and losses are posted to unrealized exchange gain/loss accounts during revaluation and reversed in the next period.
A Recognized Gain/Loss accounting method revaluation considered permanent. Exchange gains and losses are posted to exchange gain/loss accounts during revaluation and not reversed in the next period.
Revaluation process requires following setup steps: