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Review the checklist for setting up gains and losses, and learn how gains and losses can be driven by accounts payable, accounts receivable, or revaluations of foreign currencies.
Related Topics:
- Checklist: Setting Up Gains and Losses
You must complete tasks in Settings before you process gains and losses. - Gains and Losses and Organizations
If you use organizations, Deltek posts gains and losses to the appropriate organizations in your company. - Gains and Losses and Your Accounting Company Settings
In configuration, you specify the default general ledger accounts to which you want to post realized and unrealized gains and losses. - Gains and Losses and Cash-basis Accounting
If you use cash-basis accounting, you can set up individual foreign-denominated accounts so that the Gains/Losses and Revaluations process updates their cash-basis balances. - Gains and Losses from Accounts Payable Transactions
If you have accounts payable vouchers for which the transaction currency is different than the company’s functional currency, gains and losses may occur when you run the Gains/Losses and Revaluations process or when you process payments in AP Payment Processing. - Gains and Losses from Accounts Receivable Transactions
If you have client invoices for which the billing currency is different than the company’s functional currency, gains and losses may occur when you run the Gains/Losses and Revaluations process and when you post the cash receipts. - Gains and Losses from Revaluation of Foreign-Denominated GL
Accounts
Foreign-denominated accounts have a currency other than your company's functional currency. The revaluation process may result in gains and losses for foreign-denominated accounts. - Examples
If you are new to working with gains and losses, you may find it helpful to review examples.
Parent Topic: Gains and Losses