Checklist: Setting Up Gains and Losses

You must complete tasks in Settings before you process gains and losses.

Before you process currency exchange gains and losses, complete the following tasks.

Step	Description
1	Turn on the multiple currency feature, select currencies, and establish exchange rates.
2	In Settings > General Ledger > Chart of Accounts, define the general ledger accounts that you will use to track realized and unrealized gains and losses.
3	On the Gains and Losses section of Settings > Accounting > Posting Accounts, specify the default general ledger accounts to which you want to post realized and unrealized gains and losses.
4	In the Mulitcurrency section of Settings > General Ledger > Chart of Accounts, select the currency for each foreign-denominated general ledger account. You can also specify the gains and losses accounts that you want DPS to post to when the Gains/Losses and Revaluations process revalues the account balance.