| Home » Categories » Solutions by Business Process » Finance » Currency |
Nominal Ledger Revaluations |
|
Article Number: 852 | Rating: Unrated | Last Updated: Tue, Jun 13, 2023 at 12:58 PM
|
|
Datafile Software Nominal Ledger Revaluations The need to revalue nominal ledger accounts normally comes about only due to changes of holding rate. Even in this event only certain balance sheet accounts may need to be revalued. Note that debtor and creditor ledger control accounts are automatically revalued as a result of revaluing the sales and purchase ledgers (see above) and so should not be revalued here. Two journal entry options are supplied to undertake revaluation of individual accounts. These procedures allow accounts to be selected either one-by-one for revaluation, either at the current holding rate, or the current spot rate, or to revalue all accounts for a particular currency. Any exchange difference is posted to an exchange difference account, and this difference may be posted as a provisional entry if required — such as might be needed at year-end, when a true exchange rate is needed, regardless of the current holding rate. |
Attachments
There are no attachments for this article.
|
Application Differences - Cashbook - Account Maintenance
Viewed 1227 times since Tue, Jun 26, 2012
Security and User Manager
Viewed 1324 times since Tue, Jun 26, 2012
Application Differences - Invoicer, SOP & POP Applications - Order Processing Order Revaluation
Viewed 1443 times since Tue, Jun 26, 2012
Edit System Status Display
Viewed 1465 times since Tue, Jun 26, 2012
Nominal Ledger
Viewed 1553 times since Tue, Jun 26, 2012
Configuration
Viewed 1420 times since Tue, Jun 26, 2012
List of Currencies Report
Viewed 1337 times since Tue, Jun 26, 2012
Application Differences - Sales & Purchase Ledgers - Account Enquiry
Viewed 1295 times since Tue, Jun 26, 2012
Application Differences - Nominal Ledger - Account Maintenance
Viewed 1404 times since Tue, Jun 26, 2012
Holding Rate Changes
Viewed 1490 times since Tue, Jun 26, 2012
|

