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Dynamics 365 Community / Forums / Supply chain | Supply Chain Management, Commerce / Currency revaluation p...
Supply chain | Supply Chain Management, Commerce
Suggested Answer

Currency revaluation posting Account

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Posted on by Dolly Chauhan 102
Hi,
 
I have a requirement wherein I have to set up the currency exchange rate for Euro & US and accounting currency is GBP.  User says that exchange rates for both (Euro & US) remain same through out the year, these only change each 1st of April every year.
 
My question is while creating the currency revaluation posting account do I need to create separate GL codes for below or only one GL code is enough as there will no difference. 
 
Categories:
Dynamics 365 Commerce
Dynamics 365 Supply Chain Management
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  • Suggested answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 303,383 Super User 2026 Season 1 on at
    Hi Dolly,

    I wonder what you mean by "as there will no difference". Can you elaborate on that? What accounts you need depends on the reporting needs. At least a split in realized and unrealized is recommended. If you need a split in gains and losses depends on the available Chart of Accounts and the reporting requirements.
    Unrealized will be used when you revaluate e.g. customer and vendor open transactions. When settling payments with invoices, a possible unrealized difference will be reverted and the exchange rate difference at that moment will be posted as realized.
  • Dolly Chauhan Profile Picture
    Dolly Chauhan 102 on at
    Hi Andre,
     
    Thanks for the response. There is no difference means exchange currency rate is same for a year, keeping in mind for open transactions for vendor & customer which will go into unrealised account and after posting the invoice it will go into realised A/C. 
     
    is it good practice if i have only one GL code for unrealised & one for realised or 4 separate GL A/C should be created for better reporting? 
  • Suggested answer
    Paolo Cecchelli Profile Picture
    Paolo Cecchelli 492 on at
    Hi Dolly,
     
    even though the aproach of having one "Profit/loss unrealized" and a "Profit/loss realized" accounts to attach to the 4 posting is feasible system-wise, I find the 4 accounts approach more likely to be requested by accounting. Because usually in the P&L they attach a cost account to one and a revenue account to the other (for both realized and unrealized) because on the balance gives them a more detailed vision on the Profit on one side and the losses on the other, instead of having everything blurred in just one account.
     
    But this is just my experience, accountants have their own vision on this...

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