Brief Description
This report shows information on realized and unrealized gains and losses for foreign currency transactions. Realized gains and losses occur when an invoice in a foreign currency is paid before the end of an accounting period. The difference in the value of the foreign currency between when the invoice was raised and when it was paid is the realized gain or loss. Unrealized gains and losses occur when the exchange rate changes for an unpaid foreign currency invoice. These are usually calculated at the end of an accounting period.
Note: To learn more about working in multiple currencies, see Creating Multi-Currency Bills Using Foreign Exchange (FX) Billing.
Use Cases
This report can help you understand the impact of exchange rate fluctuations on your financial statements.
Finding and Using the Report
- In Actionstep Practice Management, go to Reports > Accounting Reports. (Your menu may show Reports > Accounting Reports > Reports List.)
- In the Foreign Currency section, click Foreign Currency Gain/Loss Summary. The report is displayed.
Then, refer to these articles for help generating and saving reports for future use:
Available Filters
- Entered Date Range: Enter the date range you want covered in the report, or use the drop-down list to select a preconfigured date range (like Financial year to date).
- View Type: Choose the output for the report.
Report Output
This report downloads a PDF to your browser's default Downloads folder that shows the different accounts and their realized/unrealized gains/losses.
- Bal FX
- Bal Base
- Realized
- Unrealized
- Fx Exposure
Updated