Currently revalued bank transactions are posted to Realised Exchange Gain / Loss accounts.
Comments
As a workaround, we use unrealized gain/loss account in Currency setup, realized gain/loss account fields. It is not a perfect solution, but will save some time if accounting need to do a journal to reclass from Realized gain/loss to Unrealized gain/loss.
Category: Financial Management
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
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
Agreed, we have customers who feel it is not IFRS practice to post bank revaluations to Realised Gains/Losses.
Category: Financial Management