Slide 1

Slide notes: As soon as we decide that we will use other Currencies, then we need to have Gain / Loss Accounts.

 

 

 

Slide 2

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Slide 3

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Slide 4

Slide notes: The Gain / Loss Accounts are defined from the 'Manage Currencies' menu, and it is a choice whether to use 1 or 2 Accounts. The same Account may be used for Gains and for Losses, but it is recommended to use 2 different Accounts, for a clearer view that distinguishes between Gains and Losses.

 

 

 

Slide 5

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Slide 6

Slide notes: The Help indicates what is required.

 

 

 

Slide 7

Slide notes: Gains and Losses occur in 2 ways. It occurs automatically on Tax portions of Transactions where the Tax Rate and the Primary Rate of Exchange are different, and then the system automatically generates a Gain or Loss Transaction. It also occurs when we use the 'Auto Gain / Loss' mechanism, which is an on demand function to re-value Forex Accounts and adjust the Forex Values according to the latest Primary Rates on the Exchange Register, for Balance Sheet Accounts only.

 

 

 

Slide 8

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Slide 9

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Slide 10

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