Brief Description
This report shows the value of transactions when entered compared to unpaid value of transactions as at today's rate with gain/loss detail.
Use Cases
This report shows the effect of exchange rate fluctuations on open foreign-currency balances that have not yet been settled. For month-end and year-end accounting, accounting standards generally require foreign-currency balances to be revalued using current exchange rates. The report can help you review this information.
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 Unrealized Gain/Loss Detail Report. The report is displayed.
Then, refer to these articles for help generating and saving reports for future use:
Available Filters
- Entered Date Range: Choose the date range you want covered in the report.
- Show zero dollar gain / loss: Include any invoices where the payment was at the same exchange rate as the invoice (zero gain/loss).
- View Type: Choose the output for the report.
Report Output
This PDF report shows Payment Details (including Date, Type, and any Unpaid balances). It also shows Expected, Current, and Unrealized Gain/Loss rate values.
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