ERPNext Accounting
What is Exchange Rate Revaluation?
- Exchange Rate Revaluation
- Exchange Rate Revaluation in ERPNext recalculates the home-currency value of open foreign-currency balances at period-end using the latest exchange rate.
Running Exchange Rate Revaluation
Go to Accounting → Exchange Rate Revaluation → New. Select the company and date. ERPNext fetches all accounts with foreign-currency balances and recalculates them at the specified date's exchange rate. Submit to post forex gain/loss entries.
Forex Gain and Loss Accounts
The revaluation posts to the Unrealised Forex Gain/Loss account (a P&L account). When the invoice is eventually paid, the realised gain/loss replaces the unrealised entry. This complies with AS 11 / Ind AS 21 requirements for Indian businesses.
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