Defining Currency Exchange Gain/Loss GLAs

Before using this functionality, you must ensure that this has been set up in your org. For more information, see Setting up Currency Exchange Gain/Loss GLAs.

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 Gain/Loss 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.