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How to Set not generate reversal documents from being created after a year-end?

ezorhub
Participant
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Hi, guys. it is quite long to question title, sorry!

and its origin question is How to Set not generate reversal documents from being created after a year-end "Foreign Currency Remeasurement Run for Cash, Payables, Receivables"?

we've already reported this case to the incident, kind of consulting on the financial,
we've got a note that it has to ask here.

Our question is,

The menu for evaluating foreign currency is as follows: Payment Management > Foreign Currency Remeasurement Runs Payables > Foreign Currency Remeasurement Runs Receivables > Foreign Currency Remeasurement Runs

"Foreign Currency Revaluation", which is executed during the year(Jan~Nov), may generate reversal documents, but we want to prevent reversal documents from being created at the end of the year(Dec).

many thanks in advance.

Accepted Solutions (0)

Answers (1)

Answers (1)

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Hi Zoe,

Reversal of Foreign Currency measurement is a month end activity and this is as per accounting standards. Hence, it is not recommended to not post the reversal.

You can try this out :

You can go to Activity

Foreign Currency Remeasurement Methods for Cash>select the appropriate Foreign Currency Remeasurement Method and select the checkbox "No Subsequent Reversal posting" so that the Remeasurement postings will not be reversed. This option is only available for Cash.

Regards,

Manasa

ezorhub
Participant
0 Kudos

Hello, Manasa.

Thank you for the mention. We are looking for a way to fix (automatically) the exchange rate so that it does not go beyond the end of the year (December 31st), rather than "storage," which is a manual method for account receivable trade/account payable trade. it's about the exchange rate revaluation. and my superior has already know what you said. Do you have any ideas? many thanks.

Cheers,

Zoe.

0 Kudos

Dear Zoe,

You should try custom solution using SDK.

Thanks & Regards,

Manasa