Run the Gains/Losses and Revaluations Process

If your enterprise uses multiple currencies, you can calculate and post currency exchange gains and losses in accordance with your enterprise's accounting practices.

Deltek automatically posts realized gains and losses from foreign currency transactions when you settle the transactions.

If you have multiple periods open in Deltek, you should run the Gains/Losses and Revaluations process for an earlier period before you post a cash receipt transaction file or start a payment processing run in a later period. If you do not do this and the cash receipt posting or payment processing is done on a foreign currency transaction in a later period, the gains/losses and revaluations for the earlier period will not be calculated correctly.

To run the Gains/Losses and Revaluations process:

1. On the Navigation menu, click Accounting > Gains/Losses and Revaluations.
2. In Translation Date on the Gains/Losses and Revaluations form, specify the date. This is the date as of which you want to revalue foreign currency transactions and foreign-denominated account balances. Deltek selects the currency exchange rates that are in effect on this date and uses those rates to calculate gains and losses.
3. Click Run. Deltek displays a message that asks if you are sure you want to proceed.
4. Click Yes to continue or click No to cancel the process.

Use the Gains/Losses and Revaluations Detail report to review and audit the gains and losses resulting from the Gains/Losses and Revaluations process.