Gains and Losses and Organizations

If you use organizations in Vision, Vision posts gains and losses to the appropriate organizations in your company.

• Gains and losses related to an accounts payable voucher or an accounts receivable invoice are posted to the organizations to which the voucher or invoice was posted.
• Gains and losses from the revaluation of a foreign-denominated account are posted, on a proportional basis, to the organizations associated with the transactions that contributed to the balance of that account. For example, if transactions entered for Organization A contributed half of the balance of the foreign-denominated account and transactions for Organization B contributed the other half, half of any gain or loss is posted to each of those organizations.

If you use organizations in Vision and Maintain separate balance sheets by Organization is selected in Organization Configuration, you must specify the work breakdown structure to which you want to post realized and unrealized gains and losses for each organization. You do that on the General tab of the Individual Organization Setup form.

If you did not set up Vision to maintain separate balance sheets for organizations, Vision uses the work breakdown structures you specify for the gains and losses accounts in the Accounting Company Settings form.