Realised Unrealised Report

Enterprise resource Planning or ERP is a solution for organisations to manage their business efficiently. The main moto of an ERP Software is to collect and organise data from various levels and provide management the clear picture of profit and loss.

New stuff:-Generic GL Import Macro for Sage 300 ERP

Let us say, if in a business you issue invoices or makes purchases in foreign currency then it is necessary to keep values in “Home” currency to keep your accounting accurate. With this report, you can found the realised unrealised gain and loss. In accounting, there is a difference between realised and unrealised gain and losses. Realised income and expense refer to profit and loss of completed transactions whereas unrealised is for relevant transactions, which are not completed.

Let’s take an example, suppose you have created an invoice of rupee 100 which has an exchange rate as 5 and while creating payment of 100 rupee the exchange rate is 6  in this case when we convert these amount to home currency its different will be 100 rupee is consider as Realised Unrealised value of this transaction.

In Sage 300 ERP, we have given new user interface to print this report, which look as follows:

Here it has from and to date filter criteria which export the report to excel format.

The report export format is as follows:

The report mainly contains the posted GL Batches, which has the income and loss accounts. The report shows the main receipt or payment and the original document number against which the receipt or payment is applied. In the report you will find different columns like GL Batch, GL Entry NO, AP/AR/BK Batch No, AP/AR/BK Entry No, Account code, Account Description, Original document No(Batch / Entry). Other columns that you will find here are Original Document No, Original Document Date, Original Document Amount Original Document Currency, Original Document Rate, Original Document Value in Functional Currency, Payment / Receipt Document No, Payment / Receipt Document No (Batch / Entry), Payment / Receipt Document Date, Payment / Receipt Document Amount. More columns consists of: Payment / Receipt Document Currency, Payment / Receipt document rate, Revaluation rate(in case of unrealised valuation), Payment / Receipt / Revaluation document value in Functional Currency, Exchange rate diff, Realised forex (Gain) / loss etc.

Revaluation batches are also a part of this report. This report is useful to find the Realised and Unrealised profit and loss of your business.

Also Read:-

1. GL Clearing Module – Import Functionality
2. Create GL Batch Entry from AR Invoice Entry
3. New way of post AP, AR, GL, Bank batches in Sage 300 ERP 2016
4. Pros and Cons of Single vs Multiple Databases in Sage 300
5. Sage 300 Customization to Print AP Aged Payable Report for multiple companies