How to book a transaction of unrealized gain or loss.

AI generated answer (using internal Slack threads):

To book a transaction of unrealized gain or loss in NetSuite, you would typically follow these steps: 1. As part of the month-end tasks, the transactions will be added to unrealized gains/loss. This is done automatically by the system. 2. A reverse journal will be created on the first day of the next month. This is also done automatically by the system. 3. You run the unrealized gain/loss journals until the transactions are paid. This is a manual step that you need to perform. It's important to note that the variance between the transactional date FX and the last day of the month FX must be recorded whether it is realized or not. These expenses do not belong to the Balance Sheet per ASC 830 and are recorded in the Other Comprehensive Income section. If you find that your FX realized gains/losses are posting to the Unrealized gain/loss account, it could be due to the "Foreign Currency Variance Mapping" being enabled, which activates an old Foreign Currency Variance Posting rule. This can result in all currency revaluation gains & losses (Realized and Unrealized) being posted to the Unrealized account. To correct this, you can disable the "Foreign Currency Variance Mapping", which stops this old rule from being applied and allows your realized gains & losses to post to the correct account. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******