Currently revalued bank transactions are posted to Realised Exchange Gain / Loss accounts.
Comments
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