Realized Losses Acc. Field, Currency Table
Specifies the number of the general ledger account to which realized exchange rate losses will be posted.
Whenever you post a foreign currency payment and then apply it to the appropriate account, thus closing an open ledger entry, the program automatically posts any exchange rate losses to the realized losses account number in this field. If an unrealized exchange rate loss or gain was posted previously, the program will reverse this entry at this time.
G/L accounts are in LCY. You can use the same account for realized exchange rate losses for all currencies because the program converts the different currencies to LCY when posting to the general ledger.
To see the account numbers in the G/L Account table, choose the field.
Before you can enter an account number in this field, you must set up the account(s) for realized exchange rate losses in the G/L Account table.
Tip
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Parent Tables
| Table | Location |
|---|---|
| Currency Table | General Ledger |
| Currency Table | General Ledger |