Enter Accounts to Revalue
Explanation
This activity is used to enter, change and view accounts for General Ledger
and Internal Ledger for which currency revaluation should be performed. The
currency revaluation can be performed on accounting currency, parallel currency
or accounting and parallel currency. Here you also state if the revaluation
should be performed on account balances or on a transaction level and how the
currency revaluation should be posted. When currency revaluation is based on
transaction level, it will revalue each individual open ledger item in supplier/customer
ledger regardless if it exists in the Internal Ledger. You could enter individual
or multiple accounts or account groups to revalue.
When a currency revaluation voucher is created, the currency gain or loss
is posted either to posting type GP10 - Unrealized Currency Gains
or GP11 - Unrealized Currency Losses. The opposite side of the
voucher is posted either to the original accounts or the accounts defined in
posting type GP9 - Currency Revaluation.
Prerequisites
In order to perform this activity:
- If revaluation should be done for Internal Ledger,
the field Include in Currency Revaluation in Define Internal
Ledger should be enabled.
- If revaluation should be done for Internal Ledger
on transaction level, make sure each open supplier/customer
ledger item exists in the Internal Ledger.
- If revaluation level balance is to be used, the accounts
must be defined as Currency Balance accounts. One code part must be defined
for Currency Balance. The currencies used must be defined as code part values
for the Currency Balance code part.
- If different currency rates are to be used for different
accounts, the relevant currency rate type should be assigned to each account.
- The Do Not Reverse should be enabled if GL/IL
accounts are to be excluded from the reversal voucher.
- It is recommended not to enter any general ledger
account connected to multiple cash accounts, defined in several currency
codes, as revaluation accounts as it may not result in an accurate currency
revaluation result.
System Effects
As a result of this activity:
- The data defined in this page effect if the revaluation should be performed
on account balances or on a transaction level. It also effects how the currency
revaluation should be posted and to which currency rate.
- If a rate type is assigned to an account, the assigned rate type will
be used in the revaluation of that account. If a rate type is not connected
to the account, the general rate type given in the
Currency Revaluation
- Execute dialog will be used.
- GL/IL accounts are excluded from the reversal voucher if the Do Not
Reverse of the respective GL/IL accounts are enabled.