Is it best practice to clear the Exclude Contract Asset from FX Reclassification accounting preference? The Help Center states that if it checked then deferred revenue balances may not be zeroed out after all revenue is recognized. If not, then do we manually zero out the deferred revenue balances after all revenue is recognized?

Hi Luis, this is a one way journey. Please please test it in sandbox rigorously before taking the call. There is no “best practice” here, simply an organization level accounting preference - but it it IRREVERSIBLE. Usually, companies keep it marked (checked). Which is how it comes in the native platform.