Defining Currency Exchange Gains/Losses GLAs

Before using this functionality, you must ensure that this has been set up in your org. For more information, see Enabling the Currency Exchange Gains and Losses Feature.

This functionality is available in the following apps:

  • Accounting Companies
  • Accounts Receivable Write-Off
  • Background Matching
  • Cash Matching Lightning
  • Payment Details Templates
  • Payments Plus

This functionality can be used with either a corporate or local chart of accounts structure.

To define Currency Exchange Gains/Losses GLAs, in your app:

  1. Select the Use Currency Write-Off Loss GLA checkbox.
    • The Currency Write-Off Loss GLA field can now be used.
    • The name of the Currency Write-Off GLA field has dynamically changed to Currency Write-Off Gain GLA. One exception is Accounting Companies where the field name does not change.
  2. [Optional] In the Currency Write-Off Loss GLA field, select a GLA the loss is allocated to.
  3. [Optional] In the Currency Write-Off Gain GLA field, select a GLA the gain is allocated to. If you are in Accounting Companies, select a GLA for gain in the Currency Write-Off GLA field.
Note: For countries where currency exchange gains and losses do not require different GLAs, use the Currency Write-Off field for both gains and losses.

For more information about the currency write-off fields, see Accounting Company Fields.