Enter Accounts to Revalue

Explanation

Use this activity to enter, change and view the accounts for which currency revaluation should be performed. 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 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

• Default revaluation information must be properly defined in the Currency Revaluation Basic Data window. 
• 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 check box should be selected if GL 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

• The data defined in this window 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 what currency rate. 
• If a rate type was 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 box will be used.
• GL accounts are excluded from the reversal voucher if the Do Not Reverse check box of the respective GL accounts are selected.   

Window

Revaluation Accounts

Related Window Descriptions

Revaluation Accounts

Procedure

To enter individual accounts to revalue;

1. Open the Revaluation Accounts window. 
2. Enter the account you want to revalue. 
3. Chose how the postings for currency revaluation and for the currency gain or loss should be posted. 
4. Enter if the revaluation level should be on a balance or a transaction level. 
5. Select revaluation method to define the currency rate to use for the currency revaluation. 
6. Assign an appropriate currency rate type. If not, the general rate type given in the Currency Revaluation-Execute dialog box will be used.
7. Select the Do Not Reverse check box for a GL account if it is to be excluded from the reversal voucher. 
8. Save the information.

To enter multiple accounts to revalue;

1. Open the Revaluation Accounts window.
2. Right-click and then click Add Accounts to open the Add Revaluation Accounts dialog box.
3. If you want to specify the range for the accounts you want to select according to the account, click Account in the header part of the window. You can specify the account range by entering the relevant accounts in the From and To fields.
   If you want to specify the range for the accounts according to the account group, click Account Group. Specify the account group range by entering the relevant account groups in the From and To fields.
4. Click Select to view the accounts in the table part of the window.
5. Select the Included check box for the accounts you to want to revalue.
6. Click OK to enter the included accounts in the Revaluation Accounts window.
7. Perform steps 3 to 7 of the previous procedure to specify the relevant information for the accounts.
8. Save the information.