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Hello,
I have a question about Unrealized Gain/Loss with FX when settled the amount.
I found an issue in income statement due to the difference.
Example)
10-01-2018 (FX:1.0) INV 100 / AP 100
12-31-2018(revaluation) (FX: 1.2) Unrealized loss 20 / AP 20
-Closing year end
01-04-2019(settlement) (FX: 1.3) AP 20 / unrealized loss 20
AP 100 / Cash 130
realized loss 30 /
That case is what i found in AX 2012 through revaluation foreign currency test.
When settled the AP, AX has reversed the transaction for revaluation amount, then all difference is shown by realized loss(30).
If i want to show realized loss with 10, what setting should i change in AX?
I mean, I don't want to see reversed transaction for unrealized gain/loss with fx after closing year end.
if there's no setup about that, how to treat the transaction in general?
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Hi,
There is no setup or configuration for that.
AX will always reverse the unrealized loss and record it - based on the new exchange rate at the time of making the payment - as realized loss.
You thus have to live with that.
Please do not try to make a system modification for that because when it comes to the accounting engine and the treatment of foreign currencies things quickly get complex and your adjustment can literally break things.
Best regards,
Ludwig
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