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Payment Gain & Loss Report

For each payment that has both a gain and a loss, Payables lists each currency exchange rate gain and loss included in the payment. Use this report if you need to know the exact gain or loss for an invoice in a payment, or how the total gain and loss of the payment is distributed across a payment's invoices.

The report totals the gain and loss for each payment and calculates the amount you can adjust your general ledger balance for each combination of gain/loss accounts. In some accounting practices, you are required to make this adjustment to avoid inflating your gain/loss accounts.

Report Submission

You submit this report from the Submit Request window. See: Submitting Standard Reports, Programs, and Listings.

Report Parameters

Begin/End GL Date. If you want to submit the report for a range of GL dates, enter Begin/End GL Dates. Leave blank to submit the report for all GL Dates.

Report Headings

Gain Accounting Flexfield. Gain account you use for the bank that disbursed funds.

Loss Accounting Flexfield. Loss account you use for the bank that disbursed funds.

GL Date. GL Date of the payment.

Payment Number. Payment number for the payment. For example, check number.

Currency. Payment currency.

Transaction Number. Invoice number of the invoice, prepayment, or credit/debit memo paid by this payment.

Transferred Gain. Amount of currency gain due to the difference between the invoice exchange rate and the payment exchange rate.

Transferred Loss. Amount of currency loss due to the difference between the invoice exchange rate and the payment exchange rate.

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