Multi-currency · Guide 167 of 624
Foreign exchange gains and losses
When a foreign-currency invoice is paid at a different rate than it was raised at, RockifyERP posts the difference as an exchange gain or loss.
What you need to know
- Realised gains and losses post when payments are submitted.
- Unrealised gains and losses post through exchange rate revaluation.
- Both go to the company’s Exchange Gain / Loss account.
Tip: Large exchange differences on small invoices usually mean a wrong rate was typed.
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