Page History

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1. Assign the current exchange rates of the foreign currency to functional currency.
   Go to Common info > Currency Exchange rateRate.
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2. Close the period to be revalue. Go to Fiscal Year > Open the Fiscal Year of the period to revalue > Close the period of the module.

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      Take Note:

• Purchasing and Sales module should have a status of revalued first before closing the General Ledger. Hence, it will prompt a message:

                        "AP and AR Modules needs to be revalued first before setting GL status to closed."

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1. Create a transactions from General Journal (Foreign to Foreign Currency).  then Click save and post.
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2. Then, from From General Ledger menu > Activities >  Click Revalue Currency.
3. Click new button to open Revalue Multi-Currency screen.
4. Fill in the Fiscal Period and the Transaction Type dropdown.
   
   1. It will automatically load the transactions details
      1. Verify the Current Forex Rate
      2. Filter the General Journal Account ID
      3. Verify the transaction data

       5. Modify the current forex rate today. Data will be calculated.

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Computations:

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