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specification currency revaluation account

  • 1.  specification currency revaluation account

    Posted Jul 29, 2019 08:52 AM
    Hi,

    We are are using D365 FO for 5 months and we need to specificy the currency revaluation account. This means we need to know if the exchange rate difference belongs to a revaluation of customers, vendors, bank, loans, current account and others. We can specify the exchange rate differences for customers and vendors but we can't for the loans and current accounts.

    Does someone know how we can specify the loans and current account?

    Your help is truly appreciated.

    Kind regards,

    ------------------------------
    Robert Konijn
    Project Conroller
    Enza Zaden Beheer BV
    Enkhuizen - The Netherlands
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  • 2.  RE: specification currency revaluation account

    TOP CONTRIBUTOR
    Posted Aug 01, 2019 02:46 AM
    You can setup 2 accounts for unrealized gains/losses respectively, and another 2 accounts for realized gains/losses respectively.

    Unrealized account are set globally for ALL types of transactions (AP, AR, Cash, loan etc.) or you can set different accounts by currency.

    Realized accounts are only applicable for AP and AR transactions.

    There isn't out of the box functionality to set different accounts per type of transactions.

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    Zvika Rimalt
    Functional Consultant
    Vancouver BC
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  • 3.  RE: specification currency revaluation account

    TOP CONTRIBUTOR
    Posted Aug 02, 2019 06:03 PM
    There are some tricks you can do if you have a business requirement to distinguish in your financials between different types of revaluation.

    Revaluation uses the same financial dimensions of the original transaction, so if you add a dimension named "transaction type" to the fields you are going to revalue on, you will be able to use a single set of accounts for Fx Gains/Losses, but the "transaction type" dimension will allow you to distinguish the origin of the posting.

    ------------------------------
    Zvika Rimalt
    Functional Consultant
    Vancouver BC
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