Welcome to the Sage 50 Accounts UKI Support Group on Community Hub! Available 24/7, the forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
The tutorials and help articles for this topic all state that once a foreign bank account is revalued with a new FX rate - any transactions PRIOR to the revaluation date will also be effected. Does anyone know how FAR back this revaluation will go? I…
As per IFRS accounting standards, you are required to revalue foreign currency monetary items, i.e. debtors and creditors each month end to the closing spot rate rather than the spot rate which the original transaction was booked at. Sage does not have…
