Gains and Losses
If you use multiple currencies, you can calculate and post currency exchange gains and losses. Vantagepoint automatically posts realized gains and losses from foreign currency transactions when you settle the transactions. To calculate and post other currency exchange gains and losses, use the Gains/Losses and Revaluations process.
Gains and losses that result from consolidated reporting are calculated as part of the consolidation process, not by the Gains/Losses and Revaluation process.
- Related Topics:
- Checklist: Setting Up Gains and Losses
You must complete tasks in Settings before you process currency exchange gains and losses. - How to...
You can run the Gains/Losses and Revaluations process immediately or schedule it to run at a later time. - Fields and Options
Use the Gains/Losses Revaluations form to set the translation date and run the revaluation process. - Learn More About...
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.
Parent Topic: Accounting