Page History
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Pre-condition:
- Setup the default accountaccounts and checked the revalue settings. System Manager > Company Configuration > Multi-Currency.
- Assign the current exchange rates of the foreign currency to functional currency.
Go to Common info > Currency Exchange Rate. - 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.
Take Note:
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- Create a transactions from General Journal (Foreign to Foreign Currency). Click save and post.
- From General Ledger menu > Activities > Click Revalue Currency.
- Click new button to open Revalue Multi-Currency screen.
- Fill in the Fiscal Period and the Transaction Type dropdown.
- It will automatically load the transactions details
- Verify the Current Forex Rate
- Filter the General Journal Account ID
- Verify the transaction data
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Computations:
- Transaction Amount * Forex Rate = Historic Amount
- Transaction Amount * New Forex Rate = New Amount
- New Amount - Historic Amount = Realized Gain / Loss
6. Click Save and Post Revalue Multi-Currency screen.Preview Tab.
- Verify the data.
- Filter the GJ record no.
7. Click Post button. Status will be Posted
Unposting Revalue Currency
- Open the Revalue Currency screen
- Filter the Record No. and Click Open Selected button
- Click Unpost Preview tab
- Click Unpost button. Status will changed to Ready
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