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Foreign currency bank revaluation entries to post into Unrealized Exchange Gain/Loss accounts

KC Lai on 5/20/2021 9:45:30 AM
I would like to suggest to give user option to post bank revaluation entries into Unrealised Exchange Gain / Loss accounts just like Customers/ Vendors.

Currently revalued bank transactions are posted to Realised Exchange Gain / Loss accounts.
Category: Financial Management
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RE: Foreign currency bank revaluation entries to post into Unrealized Exchange Gain/Loss accounts

Siti Arby on 3/31/2022 6:14:54 AM

totally agree that it should go to unrealised instead of realised forex gain/loss.

no manual adjustment will need to be posted if this could be corrected.

Category: Financial Management

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RE: Foreign currency bank revaluation entries to post into Unrealized Exchange Gain/Loss accounts

Beverly Crosby on 3/30/2022 1:05:20 PM

I totally agree - the gain or loss on translation of a bank account balance that is held in foreign currency should post to unrealised forex gain/loss - it is only if we chose to convert the funds to local currency that the gain/loss then becomes realised. Please consider making the change in Dynamics 365 BC, similar to how this functionality works in Dynamics 365 Finance.

Category: Financial Management

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RE: Foreign currency bank revaluation entries to post into Unrealized Exchange Gain/Loss accounts

Christie Stoltz on 3/30/2022 12:45:16 PM

Agreed, we have customers who feel it is not IFRS practice to post bank revaluations to Realised Gains/Losses.

Category: Financial Management