FX Revaluation – unrealized exchange rate differences
On the FX Revaluation page you revalue open (not yet paid) foreign-currency invoices at a month-end exchange rate. The system books the difference as an unrealized exchange loss or gain, without any actual cash movement.
If you have foreign-currency invoices (e.g. EUR or USD), their value in forints changes with the exchange rate. Revaluation books this difference on the amount still open.
When is it needed?
- Before year-end closing – if you have open foreign-currency invoices at year-end, the system only allows year-end closing once you have revalued them as of December 31.
- During the year – you can revalue at the end of any month for a more accurate picture. Check with your accountant whether you need to.
How it works
- Select the year. The Monthly overview shows the open positions and the revaluation status for each month (Pending or Done).
- Click a month. The preview lists the invoices as of the month's last day: currency, remaining amount, the invoice's rate, the current rate and the difference. The current rate comes from your configured exchange-rate source (the MNB by default).
- Execute revaluation creates the booking entries: losses go to 8762 unrealized FX loss, gains to 9772 unrealized FX gain.
If these two accounts are missing from your chart of accounts, the system warns you; Create missing accounts adds them. Each date can be revalued only once. Revaluation history lists the revaluations you have run. A revaluation can be reversed with a storno.