FrontAccounting forum — What is the use of "Revaluation of Currency Accounts" ?

Re: What is the use of "Revaluation of Currency Accounts" ?

null@example.com (mark0300) — Tue, 17 Nov 2015 15:29:11 +0000

Hi @itronics,

The GL you mentioned: does it mean that the AP and AR which are not in home currency will be revaluated too besides the foreign currencies bank account?

Re: What is the use of "Revaluation of Currency Accounts" ?

null@example.com (kvvaradha) — Tue, 06 Oct 2015 07:04:48 +0000

Thanks @itronics.

Re: What is the use of "Revaluation of Currency Accounts" ?

null@example.com (itronics) — Tue, 06 Oct 2015 06:40:18 +0000

This is operation recalculates value of your foreign currency savings in GL using current daily exchange rate.

What is the use of "Revaluation of Currency Accounts" ?

null@example.com (kvvaradha) — Tue, 06 Oct 2015 05:56:24 +0000

hi,

what is the use of reevaluating the currency accounts. ?

i am not clear about its usage..