1. Multicurrency Processing Implementation Guide
  2. Setting Up AAIs for Realized Gains and Losses on Foreign Currency Receipts

Setting Up AAIs for Realized Gains and Losses on Foreign Currency Receipts

These AAI items define the accounts that the system uses for realized gains and losses on foreign currency receipts:

  • RGxxx: Foreign currency realized gain.

  • RLxxx: Foreign currency realized loss.

The system uses the account number assigned to RG and RL to create foreign currency gain or loss amounts when receipts are posted. To create a gain or loss amount, the system multiplies the invoice amount by the difference in the exchange rate between the original invoice and the foreign currency receipt.

The hierarchy for AAI items RG and RL is the same. This example shows the sequence in which the system searches for AAI item RG:

  1. RGxxx. The system uses RGxxx that is associated with the company entered on the receipt, where xxx is the transaction currency of the receipt.

  2. RGxxx. The system uses RGxxx for company 00000, where xxx is the transaction currency of the receipt.

  3. RGxxxx. The system uses RGxxxx that is associated with the company entered on the receipt, where xxxx is the GL offset on the invoice that is paid.

  4. RGxxxx. The system uses RGxxxx for company 00000, where xxxx is the GL offset on the invoice that is paid.

  5. RG. The system uses RG that is associated with the company entered on the receipt.

  6. RG. The system uses RG for company 00000.