Vendor Invoice Example

For example, you enter Voucher # 300555 with the following currency information:

The voucher is not paid at the end of the period in which it was entered and therefore the voucher will be included in the Unrealized/Gain Loss process run at the end of the period on 11/30/2005.  The CAD to USD exchange rate is .88 on 11/30/2005.

On 11/30/2005, Voucher #300555 is has a U.S. dollar value of 176.00 and an Unrealized Loss of 6.00 USD will be posted to the Unrealized Loss Account and Class setup in the Currency List for the CAD Currency ID.

Since the Unrealized Gains/Losses activity generates an auto-reversing batch to back out unrealized gain and loss transaction, the 6.00 USD loss will automatically be backed out on 12/1/2005.