Residual Gain/Loss accounts on currency card

Dynamics 365 Business Central/NAV
#1

Is it advisable to use realized/unrealized gains/ losses accounts as Residual Gains/Losses accounts on currency card?

#2

I would vote against that. As a general rule, I say never use a standard field\table for other than its intended purpose. The risk you run, is what happens if you need\want to use that standard feature in the future?

1 Like
#3

Indeed. Never use excisting fields for other purpose! Just create your own fields.

1 Like
#4

Fatimatu,

As an accountant and for GAAP/SOX compliance, you should separate these accounts. Do not combine. I always teach my customers to enter and create Unrealized and Realized accounts.

Thanks,
Steve

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#5

I am going to create separate G/L accounts for the residual gains and losses.

Thank you Guys.