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At the end of the accounting period we need to adjust our foreign currency balances to recognize any gains or losses that have accumulated on foreign receivables. Can this be done automatically?

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At the end of the accounting period we need to adjust our foreign currency balances to recognize any gains or losses that have accumulated on foreign receivables. Can this be done automatically?

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Yes, the Accounts Receivable module has a menu option to calculate balance sheet date adjustments and create the adjusting entries.

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