Value Proposition:
This toolkit addresses the fundamental issue of currency differences: “the number appears in the closing without explanation.”
Here, every number has a clear path:
Balance in currency → Approved exchange rate → Revaluation → Difference → Entry → Reconciliation.
It prevents confusion between Revaluation (monetary items) and Translation (entity statements).

In 20 seconds: What will you get?

• FX Revaluation: Revaluation of foreign currencies for cash and receivables in the closing.
• Closing Rate Table: Table of approved exchange rates (Closing rate) + source/date.
• Revaluation Engine: Calculation of differences for each account/currency/branch with FX Gain/Loss summary.
• JE Pack: Ready currency difference entries (Dr/Cr) according to mapping.
• Mapping Controls: Classification of items (Monetary/Non-monetary) to prevent incorrect revaluation.
• Reconciliation: Matching total FX with TB + disclosure of the most impactful accounts.
• Subledger Tie-out (optional): Matching AR/AP in currency with subledger.
• Translation (optional): Translation of financial statements for a branch/company with a different functional currency with separation of impact.
• Controls: Alerts for missing rates/undefined currencies/balances without currency.

Suitable for

• Companies with bank/receivable balances in foreign currencies that perform FX close monthly.
• Companies with branches or entities with a different functional currency (Translation).
• Financial reporting teams seeking standardized FX entries and a clear audit file.

Not Suitable for

• Companies that do not have any foreign balances and operate with only one currency.
• Those seeking an FX system connected to a real-time pricing source—this toolkit relies on internally approved exchange rates.

Without Toolkit / With Toolkit

How Does the Toolkit Work Practically?

1) Input Balances and Exchange Rates

• Import TB/GL balances in foreign currency (FCY + LCY book value if available).
• Input Closing rate for each currency (and Avg rate optional).

2) Identify Monetary Items to be Revalued

• Bank, AR, AP, Intercompany, etc. according to mapping.
• Exclude non-monetary items when necessary.

3) Calculate FX Revaluation and Issue Entries

• Revalued LCY = FCY × Closing rate.
• FX Difference = Revalued LCY − Book LCY.
• JE Pack: Dr/Cr FX gain/loss by account.

4) (Optional) Translation of Financial Statements

• BS at Closing rate and P&L at Avg rate according to policy.
• Separate translation difference from FX revaluation within the report.

5) Reconciliation and Controls

• Disclosure of missing rates or balances without currency or mapping.
• Summary tie-out with TB and comparison of the most impactful accounts.

Deliverables Included in the File

1. TB_FCY Inputs
2. FX Rates (Closing/Avg)
3. Account Mapping (Monetary vs Non-monetary)
4. Revaluation Engine
5. JE Pack (FX entries)
6. Translation (Optional)
7. Controls & Reconciliation

If you want a clean FX Close without unexplained differences… use a unified Toolkit