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| Accpac tip about Accounting and I/C, O/E, P/O |
Week |
Mar week 4 2011 |
Subject |
New accounts accommodate changes to revaluation. |
Details |
The general ledger accounts used in multicurrency account sets depend on the Gain/Loss
accounting method you use for your Sage Accpac system.
If you use the Realized and Unrealized Gain/Loss accounting method, you use the Unrealized Exchange
Gain and Unrealized Exchange Loss accounts for gains and losses calculated during revaluation. The
Recognized Exchange Gain and Recognized Exchange Loss accounts have been renamed Exchange Gain and
Exchange Loss in version 5.5.
If you use the Recognized Gain/Loss accounting method, you use the Exchange Gain and Exchange Loss
accounts for revaluing transactions as well as for exchange gains and losses that arise upon settlement
of transactions.
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