Execute Revaluation for AP/AR Transactions
Explanation
This activity is used to calculate the currency revaluation for the AP/AR
accounts with revaluation level equal to transactions. Revaluation would only
be based on the transactions and not balance. The revaluation method used in
this case would be one of the following:
- Current - Transactions will be revalued to the current currency rate.
- Lowest of Posted / Current - Transactions will be revalued to the lowest
of the current and the posted currency rate.
- Highest of Posted / Current - Transactions will be revalued to the highest
of the current and the posted currency rate.
Prerequisites
In order to perform this activity:
- Default revaluation information should have been entered in the
Currency Revaluation
Basic Data page.
- AP/AR Accounts should have been defined in the
Revaluation Accounts page.
- The revaluation period should have been defined.
- The revaluation period should be closed for all other user groups and
hold table should be empty for the period.
System Effects
As a result of this activity, currency revaluation for the selected ledger
and period is executed for accounts with Transactions revaluation level.