Gains and Losses and Organizations

If you use organizations, Vantagepoint 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 Vantagepoint and Maintain separate balance sheets by Organization is selected in the Organization General Setup form (Settings > Organization > General in the desktop application), you must specify the work breakdown structure to which you want to post realized and unrealized gains and losses for each organization. You do this in the General tab of the Individual Organization Setup form (Settings > Organization > Individual in the desktop application).

If you did not set up Vantagepoint to maintain separate balance sheets for organizations, Vantagepoint uses the work breakdown structures that you specify for the gains and losses accounts on the Posting Accounts form (Settings > Accounting > Posting Accounts in the browser application).