Accounts Payable > Period-End Procedures > About Revaluing Multicurrency Transactions > About Exchange Gains and Losses on Settlement

About Exchange Gains and Losses on Settlement

Learn more

Revaluing Transactions in Other Currencies

About Revaluing Multicurrency Transactions

When you apply multicurrency payments, credit notes, debit notes, or adjustments to another document, if the exchange rate used for the applied document is different from the current rate of the apply to document, Accounts Payable recognizes an exchange gain or loss, as follows:

Source amount (x) current rate of applied document

Less:

Source amount (x) current rate of apply-to document

Equals

Exchange gain/loss or realized exchange gain/loss

Note: If you use the Realized and Unrealized Exchange Gain/Loss method to record exchange gains and losses, any gains or losses arising from differences in exchange rates at the time of settlement are called “realized” gains or losses.