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Revaluation is Revaluation is changes in the value of a country's currency relative to other currenciess currency relative to other currencies.  Transactions can be made in different currencies, International companies . A company can make purchases in foreign currency, whereas their Functional Currency is the home currency. 

Pre-condition:

1. Setup the default accounts and checked the revalue settings.   System Manager > Company Configuration > Multi-Currency.
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2. Assign the current exchange rates of the foreign currency to functional currency.
   Go to Common info > Currency Exchange rate.Image RemovedExchange Rate.
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3. Close the period to be revalue. Go to Fiscal Year > Open the Fiscal Year of the period to revalue > Close > Close the period of the module.Image Removed

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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."

• No unposted transactions.  Hence, Batch posting screen will display.

Here are the steps on how to Revalue Currency:

1. Create a transactions from General Journal (Foreign to Foreign Currency).  Click save and post.
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2. From General Ledger menu , click revalue currency> Activities >  Click Revalue Currency.
3. Click new button to open blank revalue multi-currency Revalue Multi-Currency screen.
4. Fill in the blank details the Fiscal Period and the Transaction Type dropdown.
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   2. It will automatically load the transactions
   together with the transaction ID'sImage RemovedFilter the Transaction ID and verify the details 
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      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:

• 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 Preview Tab.

• Verify the data.
• Filter the GJ record no. 

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7. Click Post button. Status will be Posted

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Unposting Revalue Currency

1. Open the Revalue Currency screen
2. Filter the Record No. and Click Open Selected button
3. Click Unpost Preview tab
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4. Click Unpost button. Status will changed to Ready