Unicontas currency adjustment function is intended for making currency adjustments on outstanding customer and vendor balances.
The adjustment is posted to a balance sheet and to a profit and loss account rather than to each individual customer and vendor account.
The currency adjustment postings are a pure finance transaction in Uniconta and are intended to be used to give an accurate snapshot of value in a monthly/annual financial statements.
The balance sheet and profit and loss postings are calculated as the difference between the transactions' value at the time of posting and the value on the currency adjustment date. I.e.:
- Value on the currency adjustment date = ((rate on the posting date * amount in currency) - (rate on the currency adjustment date * amount in currency))
The postings are reversed the next day.