I have a question. Does anyone here know why a currency revaluation would not run for an accounts payable account? The journal entry is in Euro with the A/P account but the subsidiary currency is USD.

the only reason I can think of is if the transaction has been allocated against something, in which case it should have a realized fx gain/loss and will no longer revalue

Both unlikely, but: • There was no outstanding AP at month-end • The AP that was outstanding didn't have a transactional FX rate different than the month-end rate Second bullet seems more likely. Maybe something broke with your FX rate load and you've had the same USD>EUR rate all month.

@RJMNS There was an outstanding AP Balance for some of these transactions and I see the exchange rate updating on a daily basis. Do you know why an open journal entry would not revalue each month? We do the journal at the end of the month.

We do the journal at the end of the month

There's an AP account on this journal? It makes perfect sense that wouldn't revalue actually, assuming you used the system default rate on the JE. If your 10/31 October USD>EUR rate was say 1.1, that's what the system uses as its comparison for revaluations. If you put in this JE and dated it the 31st, it would have taken the 1.1 rate by default. If you left it at that rate when saving, there's be no revaluation necessary because there would be no difference between the transaction rate and the month-end rate. This would be the case for AP and AR accounts, but it's not that "simple" on other account types.

How about if the a/p balance is still open in november from the journal?

Then it should revalue to the November ME rate.

@RJMNS It was missing the vendor record link. Once we added it they started revaluing. Thank you!