Multi-currency · Guide 165 of 624

Exchange rate revaluation

At month or year end, revalue foreign-currency balances in RockifyERP at the closing rate so your balance sheet is accurate.

How to do it in RockifyERP

  1. Search for Exchange Rate Revaluation and click + Add.
  2. Choose the company and the posting date, then click Get Entries.
  3. Enter or confirm the new exchange rates.
  4. Save, Submit, and click Create Journal Entry to post the unrealised gain or loss.

Tip: Most businesses revalue at each month end. Your accountant will advise on reversing the entry next period.

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