Editing Exchange Rate Account Numbers

Exchange Rate Gain/Loss accounts contain the change in transaction values on foreign currency transactions. The amounts posted to these accounts are converted into the organization's functional currency using currency spot rates. If an organization tracks gains and losses regardless of the currency type, the same exchange rate account number can be defined for all currency types. If an organization wishes to track gains and losses for each currency type separately, different exchange rate account numbers can be configured for each currency type.

These accounts can also be specified on a per-organization basis for an organization's Functional Currency (see Defining a Functional Currency Type for details).

Note that the accounts specified on an Organizations record take precedence over the accounts specified here for transactions conducted by that organization. If an organization does not have these accounts specified, then its transactions use the accounts specified on the Currency Types record.