Unrealised currency gains and losses

An unrealised gain or loss is a potential gain or loss at any time between the recorded sale or purchase and the receipt or issue of payment. No automatic postings are made to track unrealised gains or losses on foreign currency transactions.

Not all businesses need to track unrealised currency gains or losses. You should check with your accountant to determine whether your business needs to track them.

The Currency Unrealised Gain/Loss report lists the gains or losses made on each foreign currency. You can then use this information to make adjustment posting to each of your foreign currency accounts for your balance sheet and also to a profit and loss account.