Finance | Project Operations, Human Resources, ...

Unrealized Gains and Losses

(0) Share

Report

Posted on by DABolton

As I understand the process of these accounts if I have no open forex items (AP or AR) then all amounts in Unrealized Gain/Loss should have been reversed and the actual Gain loss posted to the Realized accounts.

Is this correct?

I ask because that is my situation and I have balances remaining in Unrealized which i believe should be journalized to Realized

Thank you

I have the same question (0)

All responses (2)

Answers (0)

Suggested answer

André Arnaud de Cal... 301,109 Super User 2025 Season 2 on at

Like (1)

Report

Hi DABolton,

Your understanding is correct. When using the currency revaluation for AR and AP, it creates unrealized gains or losses. When settling the open invoices with actual payments, the unrealized amount will be reversed, and a new realized gain/loss will be calculated and posted.

If you have unexpected balances, review if there are unsettled invoices or manual postings on the Unrealized Gain/Loss account(s).

Was this reply helpful? Yes No
Suggested answer

BillurSamdancioglu 19,854 Most Valuable Professional on at

Like (2)

Report

Hi,

Yes the comment you did is correct.

Was this reply helpful? Yes No