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Hello All,
May I know what is the use of the Posting profile on the foreign currency revaluation form? (AR>Periodic>Foreign currency revaluation).
I understand that the posting profile does not limit the main account to be included in the revaluation.
So, what is the use of this posting profile?.
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Hi,
It defines the summary account to which the foreign currency gain/loss is posted.
In case you want to have the FX gain/loss posted on a separate (sub) account that is different from you ordinary AR summary account that you use for invoicing your customers, you can setup a separte (sub) account in a specific posting profile and select the posting profile in this form.
Best regards,
Ludwig
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