FrontAccounting forum — Automatic Revaluation Currency

Re: Automatic Revaluation Currency

null@example.com (Elmer) — Mon, 08 Apr 2013 10:37:51 +0000

thanks, joe!

Re: Automatic Revaluation Currency

null@example.com (joe) — Fri, 05 Apr 2013 10:24:41 +0000

Yes, in the GL all the currencies are in the domestic value.

Joe

Re: Automatic Revaluation Currency

null@example.com (Elmer) — Fri, 05 Apr 2013 08:37:49 +0000

Does this mean that the amounts reflected in the GL are all in the base currency?

Re: Automatic Revaluation Currency

null@example.com (joe) — Tue, 28 Jun 2011 21:12:52 +0000

If you have the Automatic Revaluation Currency marked in the Company Setup, then your foreign currency bank accounts are revaluated in the underlying GL accounts every time a payment is done to one of the currency bank accounts.

You can unmark this and do this manuelly in the Banking and General Ledger tab. Every time you do the revaluation manuelly, you will also get the foreign currency AR/AP accounts revaluated.

/Joe

Automatic Revaluation Currency

null@example.com (student) — Tue, 28 Jun 2011 08:36:55 +0000

hi
i m new in this accounting domain.Please any one explain what is Automatic Revaluation Currency,what does it do(by checking box in company setup)