Adjust Exchange Rate (FX revaluation) - Reversal Date

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Posted on by Samantha73

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Hi All

We are using Adjust exchange rate function to revalue FC assets and liabilities. Is there a way to post the unrealised amounts at the end of the month and reverse the first day of next month? Currently, once posted the entry will be there until say an invoice is paid.

Second - Is there a way to reverse all entries if you make a mistake as currently there is no preview posting on this

Thanks

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Gavin 2,508 on at

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Hi,

In answer to the first question, to my knowledge unfortunately not. All entries affected are adjusted and postings made to the unrealised gains \ losses (I do know Dynamics GP you can reverse the entries as you describe so perhaps this will happen in BC at some point)

With regards point 2 if you make a mistake with the rate in the "Adjust Exchange Rates" function just run it again with the correct rate and the system will correct the entries to the new rate.

Hope this helps.

Thanks

Gavin

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