Deep Dives16 min read
How to Handle Realized and Unrealized Gains/Losses on Foreign Currency
When a foreign-currency payment lands, make one immediate split: lock the receipt in USD first, then track any later exchange-rate movement separately until a relevant realization event occurs. That helps you avoid mixing ordinary business income with currency gain or loss.
forex accountingcurrency gains and lossesmulti-currency bookkeeping+1 more
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