A Company, Bank or Supplier Account is closing down.
You want to execute the Foreign Currency Remeasurement for Cash run for that company without getting a reversal.
Reproducing the Issue
You close account ABC (ABC stands for the Company, Supplier or Bank account) valuated in monetary unit X (Where X stands for the currency).
GL Account DEF (DEF stands for the name of the GL Account) has a balance because the company's monetary unit used is Y (Y is the other currency in use).
You run the Foreign Currency Remeasurement for Cash which is posted at the end of the month.
Reversal for that posting is posted at the beginning of the following month, even if the company is account ABC is closed.
This is the expected system behavior.
There is two possible solutions:
- Not allowing automatic reversals on the Cash Run by activating the No Subsequent Reversal Posting in the Business Configuration.
This is on a Chart Account level, rather than for specific accounts, so if it is set, it will affect all Companies, Suppliers and Banks linked to the same Chart of Accounts.
- Run the The Foreign Currency Remeasurement for Cash as usual, then, following the run, create a manual Journal Entry Voucher with Journal Entry Type 00083 - Manual Entry for Cash and Business Transaction Type 636 - Manual Write-Up/Write-Down for Cash, which brings the GL accounts balance to 0,
so it will not be picked up any longer.
Foreign currency remeasurement run
KBA , AP-PAY , Payment Processing , How To