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Dear
is it a must to run the foreign currency Revaluation for AP , AR first then for GL? or does the order doesn't matter?
regards
Hello Angelo,
Particular sequence is not required. However, AR and AP foreign currency revaluation create accounting entries in General ledger, the accounts receivable and accounts payable main accounts should be excluded from the General ledger foreign currency revaluation to avoid duplicating the revaluation.
Hi Angelo Russo,
The order doesn't matter because they are separate.
GL currency valuation is normally run for other ledger accounts which are not AP and AR Ledgers. And for AP & AR ledgers, the revaluation run from the respective modules.
Regards,
QianQW
Hello Angelo Russo,
I think it depends on the accounts that you want to have revalued. If there is no GL account to revalue then you don't have to run it. Personally, I would start with AP and AR first and if you have some specific ledger accounts to revalue I would do this at the end. So, from subledger to general ledger is a common approach that you often see in practice.
Best regards,
Ludwig
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