[GNC] Unrealized gain/loss on Forex

[Jayakumar Chakravarthy]

David,


Normally I can account the unrealized loss by debiting 'Unrealized Gain/Loss'
Account and crediting the Customer Account in my local currency.  But since
here I have kept the Customer's account in foreign currency, the Customer's
account is already showing nil balance.  Now where would the credit go?

Thanks.


Jayakumar Chakravarthy
Founder - Consultant
+91-9840 356 506
www.Fulcrum-ACE.com






On 14-08-2019 at 14:09, David T. <sunfish62 at yahoo.com> wrote:
I believe that the "Unrealized Losses" entry on the Trial Balance report is
calculated. You will need to create an account for it, as well as the
transaction to account for the loss.  




HTH,


David 




On Wed, Aug 14, 2019 at 11:40, Jayakumar Chakravarthy
<jayakumar.chakravarthy at fulcrum-ace.com> wrote:
Hi,


When I make an Invoice and receive money in a foreign currency and account
them in my home currency, where does the unrealized gain/loss go?


I observe an entry in Trial Balance having 'Unrealized Losses' with this
amount.  But where is that account?  How can I view it?

Thanks.


Jayakumar Chakravarthy
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