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 exist in the Internal Ledger.
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
check box Include in Currency Revaluation in Define Internal
Ledger should be selected.
- 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 check box should be
selected 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 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 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 check box of the respective
GL/IL accounts are selected.
Window
Revaluation Accounts
Related Window Descriptions
Revaluation Accounts
Procedure
To enter individual accounts to revalue:
- Open the Revaluation Accounts
window.
- Select the ledger for which the new record should be created.
- Create a new record.
- Enter the account you want to revalue.
- Chose if the revaluation should be performed with Revaluation
Currency accounting currency, parallel currency or accounting/parallel
currency.
- Chose how the postings for currency revaluation and
for the currency gain or loss should be posted.
- Enter if the revaluation level should be on a
balance or a transaction level.
- Select Revaluation Method to define the currency rate to use for
the currency revaluation.
- Assign an appropriate currency rate type. If not, the
general rate type given in the
Currency
Revaluation - Execute dialog will be used.
- Select the Do Not Reverse check box for a GL/IL
accounts if it is to be excluded from the reversal voucher.
- Save the information.
To enter multiple accounts to revalue;
- Open the Revaluation Accounts window.
- Right-click and then click Add Accounts to open the
Add Revaluation Accounts dialog.
- 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.
- Click Select to view the accounts in the
table part of the window.
- Select the Included check box for the
accounts you to want to revalue.
- Click OK to enter the included accounts in
the Revaluation Accounts window.
- Perform steps 5 to 10 of the previous procedure to
specify the relevant information for the accounts.
- Save the information.