11. Sales and Purchase Ledger Revaluations Datafile Software Sales and Purchase Ledger Revaluations The menu Currency Options, applicable for systems where the Foreign Currency application is in use, allows utilities to revalue outstanding invoices and credits via both Holding Rate rev... Read More
12. Application Differences - Sales & Purchase Ledger Revaluations - Holding Rate Revaluation Datafile Software Application Differences - Sales & Purchase Ledger Revaluations - 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 undertake... Read More
13. Application Differences - Sales & Purchase Ledger Revaluations - Spot Rate Revaluation Datafile Software Application Differences - Sales & Purchase Ledger Revaluations - Spot Rate Revaluation Where a spot rate revaluation is required the following steps would normally be taken. Alter the spot rates via the Currency Maintenance... Read More
14. Nominal Ledger Datafile Software Nominal Ledger The essence of the foreign currency nominal ledger is that all transactions are converted to base currency values. However, account balance and transaction details are also held in the foreign currency for all ... Read More
15. Application Differences - Nominal Ledger - Account Maintenance Datafile Software Application Differences - Nominal Ledger - Account Maintenance Each account in the nominal ledger should have a currency allocated to it. In the absence of a currency code being allocated (for example if using the "New/Amend op... Read More
16. Application Differences - Nominal Ledger - Nominal Transactions Datafile Software Application Differences - Nominal Ledger - Nominal Transactions Nominal journals offer an additional prompt for currency.You can leave this blank, in which case transactions could be in a mix of currencies, or enter a specific ... Read More
17. Application Differences - Nominal Ledger - Reports Datafile Software Application Differences - Nominal Ledger - Reports Even though you have installed foreign currency, all the standard reports print in the base currency. As such, there are no differences in the nominal ledger reporting procedur... Read More
18. Application Differences - Nominal Ledger - Updates from Other Systems Datafile Software Application Differences - Nominal Ledger - Updates from Other Systems These operate exactly the same as for the standard nominal ledger. However, where updates are made from foreign currency transactions, then the currency valu... Read More
19. Application Differences - Nominal Ledger - Year-End Procedures Datafile Software Application Differences - Nominal Ledger - Year-End Procedures These operate exactly as for the standard ledger, except that when posting income and expenditure accounts to the profit and loss account, the currency values of in... Read More
20. Nominal Ledger Revaluations 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 debto... Read More