Gains and Losses Overview

If you use Multicurrency, you can set up Vision to calculate and post currency exchange gains and losses. Vision 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:

  • 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 and Your Accounting Company Settings
    When you configure Vision, you specify the default general ledger accounts to which you want to post realized and unrealized gains and losses.
  • 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 General Ledger 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 in Vision, you may find it helpful to review examples.
  • Procedures
    You can run the process immediately or schedule it to run at a later time.
  • Screens
    Use the Gains/Losses Revaluations form to run the revaluation process.
Parent Topic: Accounting Overview