Question for FX revaluation

[dc1150]

We post both foreign currency transactions and functional currency transactions in foreign asset/liability accounts.

When run revaluation, the system only picks all foreign currency transactions but dropped those functional currency transactions, which makes the to-be-revalued period balance incorrect. Is there a way to fix this?

Thank you for any idea!

 

[jazgeek]

I would suggest seperating the currency accounts into seperate accounts and summarize it on your financials.



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and they wonder why they call it Great Pains!

jaz

 

[dc1150]

They are separated but sometimes we post adjusting entries in USD to make the functional currency balance correct. Does anyone know how to tell the system to use the actual functional currency balance in inquiry window for revaluation instead of functional amount of all foreign currency transactions?

I’ve tried the currency account history window to specify foreign/functional balance but seem this couldn’t affect the revaluation process.

Many thanks!

 

[RickSchultz]

Could you clarify, please: Is this a case where you're working in a subsidiary company with a different functional currency than your reporting currency, or are you putting foreign-currency transactions into your main database?

 

[dc1150]

I am putting foreign-currency transactions into the main database. Do have any idea?

Thanks!