• From: India, TN, Karur
  • Registered: 05/16/2014
  • Posts: 1,195

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

hi,

what is the use of reevaluating the currency accounts. ?

i am not clear about its usage..

Subscription service based on FA
HRM CRM POS batch Themes

kvvaradha's Website

  • Registered: 12/25/2007
  • Posts: 2,448

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

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

  • From: India, TN, Karur
  • Registered: 05/16/2014
  • Posts: 1,195

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

Thanks @itronics.

Subscription service based on FA
HRM CRM POS batch Themes

kvvaradha's Website

  • From: Singapore
  • Registered: 03/12/2015
  • Posts: 59

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

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?