Revaluation

Revaluation processing is used to reflect changes in foreign currency account values caused by fluctuations in exchange rates.  Any changes in foreign account values (when valued in the base currency) generate unrealized exchanged gains or losses.  These unrealized exchange gains and losses may be booked only once per period.  An automatically reversing entry is created for the next period to reverse effects from the revaluation process in the current period.  Processing options allow you to book unrealized exchange gains/losses for the current period or to simply report differences.

Request Revaluation Processing

1.   Enter the Revaluation journal processing option on the GLMENU screen to submit a job to revalue accounts for the current period, and to calculate any account balance differences due to fluctuations in exchange rates.

If posting of transactions is desired, a journal is created for any accounting entries generated.  A report listing any errors is also generated.  If there are no errors, a report for each processed account is generated to reflect exchange rate gains or losses.

Once the job is submitted, the GLMENU can be redisplayed by pressing F3-Exit.