To record unrealised gains and losses

If you haven't already read the Multicurrency Overview, see Recording unrealised gains and losses for more information.

Print the Currency - Unrealised Gain/Loss Report, then complete the following steps:

The Record Journal Entry window should be displayed.

  1. Enter the date (generally the last day of the month) and a description of the transaction.
  2. In the scrolling list in the middle of the window, enter a transaction for the unrealised gain or loss. This transaction should have a separate debit and credit entry for each account that appears on the Currency - Unrealised Gain/Loss Report. (All amounts are entered in British pounds.)
If the account is an asset account

If the account is a liability or equity account

  1. Save the Nominal Journal entry as a recurring transaction. By doing this, you'll save time when you record your unrealised gains and losses in future months. Click the Save Recurring button; the Save Recurring Transaction window appears.
  2. Enter a name for the transaction, then choose a frequency (we recommend that you choose Monthly) and the day on which you want this transaction to appear in the To Do List window each month. Click Record to save your entries and close the Save Recurring Transaction window.
  3. In the Record Journal Entry window, click the Record button to record the transaction for this month.