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Application Differences - Nominal Ledger Revaluations - Revalue All Nominal Accounts

Datafile Software

Application Differences - Nominal Ledger Revaluations - Revalue All Nominal Accounts

This option operates as above but allows the ability to revalue all, or selective, nominal accounts for a particular currency in one process rather than revaluing the accounts individually.

On selection of this option you are asked to confirm the period you wish to revalue at and the date to post any revaluation transactions ‘as at’ (note: the date is restricted to the period you are revaluing).

You then select the currency to revalue and you have the option to enter additional selection criteria. The system displays the holding and spot rates to revalue at and asks you to confirm which rate you wish to revalue at. Next, you confirm the exchange differences account to post any revaluations to and whether the revaluation transactions are posted as ‘provisional’ journals or not.

After confirming these details a prompt asks you whether you wish to process accounts automatically. If you respond ‘No’ the system processes each applicable account in turn, shows you the suggested exchange difference and asks you to confirm whether to process. If you respond ‘Yes’ the system revalues the applicable accounts automatically.

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  • Release ID: Standard
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