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Revalue Nominal Accounts by Currency

Datafile Software

Revalue Nominal Accounts by Currency

This new option 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.

Installation

Menu Design

A new menu option is required to allow the option to revalue all accounts for a particular currency.The existing option to revalue single accounts is available, by default, on the NLREV.D03 so we suggest that you add this new option here.

Sign-on as the CONFIG user and select the option ‘Application Menu Design’ and enter the pathname of the menu to edit. Select whether you wish to add this option on the left or right of the menu and then move down to a blank menu entry and add your option.

The menu settings are ‘P-Program’, ‘NL.EXE’ and the parameter number ‘2010’ – other options can be set as required. Once the new option is available on the menu no further configuration options are required.

Custom Fields
  • Release ID: 5.6
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