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.