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Unrealized Currency Gains/Losses Accounting

Odoo 14 brings up a new report related to the Currencies ie. Unrealized Currencies gains/losses Report. This report will display all open amounts on your balance sheet that need to be reevaluated. It is grouped by the currency and their respective accounts.

This report displays the amount separately in four columns:
1. Balance in a foreign currency: This is the amount taken from Bill.
2. Balance at operation rate: This amount is calculated at the operation date ie. calculated at the time you received the bill.
3. Balance at the current rate: It’s the current amount value at the time of the report ir. if we got paid right now.
4. Adjustment: This value should be added to the accounting in order to update your accounting reports with this new information.

So this reporting system will be helpful If your company works with multiple currencies and you can get up to date, real-time data, that informs you of all the Gains/Losses and the respective adjustment you should make.
To do adjustment ie. to update the balance sheet you can click on the button “Adjustment Entry” and select in which Journal you're going to process this accounting entry:
- Choose your Expense/Income Account
- Choose the date you want this to be reported
After adding details confirm the adjustment and then again check the report to make sure that your Adjustment is now zero.


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