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

Pre-condition:

  1. Assign the current exchange rates of the foreign currency to functional currency.
    Go to Common info > Currency Exchange rate.

                     

  1. 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.


Here are the steps on how to Revalue Currency:

  1. From General Ledger menu, click revalue currency
  2. Click new button to open blank revalue multi-currency screen.
  3. Fill in the blank details the Fiscal Period and the Transaction Type. It will automatically load the transactions together with the transaction ID's
  4. Filter the Transaction ID and verify the details 


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