Create a Revaluation Batch
Before
you start
To create a batch of revaluation transactions:
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Open General Ledger > G/L Periodic Processing > Create Revaluation Batch.
Click here for help on the fields in this form.
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Type a name for the batch description (such as, Currency devaluation 05/05/2010).
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Enter or select the source currency that you are revaluing.
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Select how you are choosing accounts for revaluation (Revalue By).
You can choose accounts by specifying a range of account numbers, or a range of a particular segment.
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Select the range of account numbers or segments that you wish to revalue.
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If you use optional fields,
check or change the optional fields
assigned to the revaluation batch.The Optional Fields column indicates whether optional fields will be used for a revaluation code.
If the exchange gain/loss account account used by a revaluation code uses any optional fields, the program sets the Optional Fields column to Yes for that line. You cannot change the selection directly. However, if the setting is Yes, you can add or delete optional fields for that revaluation code.
To view or edit the optional fields used for a revaluation code, select the line on the grid, then click the zoom button or press SHIFT+F9 to display the Create Revaluation Optional Fields form.
Note: The optional field information will be included in the resulting journal entry details only if the optional fields in the revaluation match the transaction details optional fields assigned to the affected exchange gain/loss accounts.
Optional Fields should be set to Yes for the revaluation batch to be processed. To set this to Yes, double-click on the Value. You can specify a value or leave it blank, depending on how you set up the optional field in Common Services. Also note that if you have optional fields set up as Required in the exchange gain/loss account's transaction optional fields, the system won't let you proceed if this optional field is missing, so you must make sure the optional field exists, and that it is set to Yes.
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Select the range of fiscal periods that you want considered for the revaluation.
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Select the revaluation code.
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Enter a date for the journal entry (default is the session date).
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Enter the exchange rate and date at which account balances will be revalued.
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Choose whether or not to force currency revaluation.
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Enter as many currencies as you need to revalue, then click Process when ready.
After
creating a revaluation batch
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Print the batch listing, then check it. If necessary, edit the batch, then print a new listing of it. Post the batch.