Solution-Create bill or vendor credit for each vendor to

Create bill or vendor credit for each vendor to revalue

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Reference no: EM132726177

As part of the end-of-year process, your client wants to see the balance of their Accounts Payable euro account, using the exchange rate as of the last day of the financial year (USD is the home currency).

Problem 1: What is the best way to create the transaction?

Problem 2: Create Journal Entry, and update the Accounts Payable and Unrealized Currency Loss or Gain accounts

Problem 3: Revalue the currency through the Currencies list

Problem 4: Create bill or Vendor Credit for each vendor to revalue individual accounts

Problem 5: These accounts will be updated automatically, based on the rate for that particular day

Reference no: EM132726177

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Create bill or vendor credit for each vendor to revalue

Reference no: EM132726177

Reference no: EM132726177

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