There are the following caveats in TURKEY for exchange rate revaluation:
- Cash accounts need to be revaluated via a different effective exchange rate other than the running rates
- Bank accounts need to be revaluated as per the central bank exchange rates (no issue on that)
- There are different accounts for:
a. Exchange Rate Revaluation Gain
b. Exchange Rate Revaluation Loss
c. Exchange Rate Gain/Loss on Advances Piad/Received
d. Revaluation Gain Account for other currencies (such as gold, etc.)
e. Revaluation Loss Account for other currencies (such as gold, etc.) - There is also the Cost Center assignment problem, however, it can be handled on the associated Journal Entry.
Can we start a customization/localization set for Turkey?