Foreign Currency Realisation Account (FX Realisation)

The difference between the converted $NZ the customer has paid for an invoice, and the converted $NZ the customer was billed on that invoice, is 'Foreign Currency Realisation'. Due to exchange rate fluctuations, when the Customer Receipt transaction is processed, this exchange rate difference is processed into the "FX Realisation account".

Setting up an FX Realisation account:

The FX Realisation account is set up within the function General Ledger Account Maintenance <GLAM>. The procedure is as follows:

1. Add [INS].
2. Enter in the new account number. If this has not been pre-determined, click on the ? button to view existing account numbers.
3. Click on Description and enter in the account name. (Foreign Currency Realisation Account).
4. Click on the down arrow in the Account Type box and select Profit and Loss.
5. Save [F9].