Exchange Rate Difference Calculation Groups

You can create " Exchange Rate Difference Calculation Groups" to be used in valuations resulting from exchange rate differences.

Valuation Parameters

Valuation Currency

You need to select a currency from the drop-down box.

Calculation Method

You must select one of the following calculation methods from the Combobox.

• VGA - Based on GL Account Balance
• VCL - Closed Document Based

Foreign Exchange Earnings Account

To record the gain from the exchange rate difference, you must select an account from the " Chart of Accounts" window.

Foreign Exchange Loss Account

To record the loss caused by the exchange rate difference, you must select an account from the " Chart of Accounts" window.

Accounts Used

You can define a new GL Account under the "Used Accounts" tab.