If you track unrealized gains and losses

Multicurrency Overview > Setting up Multicurrency > If you track unrealized gains and losses

If you plan to track unrealized gains and losses, you need to create an income account for this purpose. You may want to name it "Unrealized Currency Gain/Loss," or something similar. We recommend that you consult your accountant to determine whether your business needs to track unrealized gains and losses, and if you do, the most appropriate way for you to do so.

Depending upon your business, you may need to create additional accounts to track foreign check accounts, assets held overseas and the like. If you're unsure about the accounts you'll need, your accountant or an MYOB Certified Consultant can assist you with this task.

Multicurrency Overview - If you track unrealized gains and losses