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- Address Set Setup
- If the sales program is assigned by address sets, then the address set setup is required.
Realized Gain Account and Realized Loss Account configuration in the Company Currency tableCurrencies list view.
Only applies to multi-currency transactions.
- These accounts must be set in the database.
Understanding the Data Flow
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If the Sales Order transaction was created in other than the Company currency, the settlement processing verifies if the exchange rate has been changed between the original invoice date and the settlement processing date. If the rate has changed, the Settlement amount to pay is multiplied with the rate difference amount and the currency gain/loss is recorded in a new journal entry. The journal entry is created with Ready to Post status and it is send to the Host system, if the Host system integration for Journal is turned on. The Realized Gain and Loss accounts can be configured in the Company Currencies list view (Company → Company Currencies).
Note: Be sure to post the settlement transaction batches in the Host system for all accounting to hit the GL.
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