SaaS
FX Gain on USD-Denominated Receivables
Recording an exchange gain when a USD invoice is collected at a more favorable rate than when it was raised.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank (Local Currency) | Asset (+) | 75,500.00 | - |
| Accounts Receivable (USD) | Asset (-) | - | 74,000.00 |
| Foreign Exchange Gain | Revenue (+) | - | 1,500.00 |
💡 Accountant's Note
Common for non-US SaaS companies that price in USD. When the local currency weakens against USD, receivables become worth more at settlement, generating an FX gain.
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