Home » Categories » Solutions by Business Process » Finance » Sales and Purchase Ledgers

Holding Rate Revaluation

Datafile Software

Holding Rate Revaluation

Should a management decision be taken to alter a holding rate, then a holding rate revaluation can be done. This is usually undertaken at month end and the following steps are typical:

Alter the holding rates via the Currency Maintenance options.

Run a holding rate revaluation without updating the file, so that the effect of the change can be viewed.

When satisfied with the effect, re-run the revaluation selecting the option to update the files.

Run the remainder of the period end processes.

For each account the transactions are analysed one-by-one, and any outstanding invoices or credits are revalued to the new holding rate (unless the transaction is marked as having a fixed exchange rate). The transaction is updated by updating the base currency ‘allocated’ value with the gain/loss caused by updating the exchange rate with the new holding rate and, if not previously revalued, updating the original rate with the previous exchange rate. A holding-rate revaluation analysis record (type "7”) is written for each changed account with the base currency exchange difference value.

The pre-run parameters for the revaluation routines, whether holding or spot rate, follow the same processes.

Report Which Currencies

Leaving this as ALL process all the transactions for each account in account code order by currency, giving totals per account, per currency and overall. By specifying a particular currency then only the accounts and transactions for that currency are processed.

If you reply ALL then you are asked which currency to start with.

Report Only Where Exchange Differences

The purposes of this question is to allow you to report on all transactions outstanding, thus giving you a ledger balance per currency, or to report only those transactions where an exchange difference will result.

Custom Fields
  • Release ID: Standard
Attachments Attachments
There are no attachments for this article.
Related Articles RSS Feed
Inserting New Items - Document Design Manager
Viewed 2196 times since Mon, Jul 2, 2012
Foreign Currency Statement Print
Viewed 2096 times since Fri, Jun 8, 2012
Cheque Printing (Purchase Ledger)
Viewed 1891 times since Mon, Jul 2, 2012
Additional Options on Supplier Payment Report
Viewed 2801 times since Tue, Jun 12, 2012
VAT Reports
Viewed 2016 times since Mon, Jul 2, 2012
Amend Status Flags - Purchase Ledger
Viewed 1911 times since Mon, Jul 2, 2012
System Profiles Screen 5 (excluding Compact)
Viewed 1965 times since Mon, Jul 2, 2012
DELETE - Delete Inactive Accounts
Viewed 2326 times since Mon, Jul 2, 2012
Edit System Status Display
Viewed 1921 times since Mon, Jul 2, 2012
Account Statements - Application User Facilities
Viewed 2191 times since Mon, Jul 2, 2012