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

Topic: REVALUATION OF CURRENCY

Hi Joe,

Below the dotted line is the topic I extracted from https://frontaccounting.com/punbb/viewtopic.php?id=2076.  The original post was posted back in 2011. 

I would like to ask if the proposed changes (highlighted in blue below) have been implemented to the FA versions say, 2.3.19 or onwards?  That is, FA revaluate the non-home currency AP, AR and the non-home currency bank accounts.

Thank you.


/Mark

.......................................................................
Re: Currency Revaluations - Supplier/Customer balancesI have redirected a similar discussion we have had here.

https://frontaccounting.com/punbb/viewtopic.php?id=2057

I will try to explain how we eventually can solve it in FA. Please correct me if something seems wrong in my explanation.

We save the rate on the debtor_trans and supp_trans and we save the currency on the customer/supplier.

A revaluation could run with the following formula:

SUM all currency customers not fully allocated records with the rate of the record date and SUM all currency customers not fully allocated records with todays rate. The differences are booked on AR account and Exchange Variation Account.

SUM all currency suppliers not fully allocated records with the rate of the record date and SUM all currency suppliers not fully allocated records with todays rate. The differences are booked on AP account and Exchange Variation Account.

Well while we are doing that shouldn't we now replace all the rates on the records with todays rate? Otherwise we can't do this revaluation more times, right?

Can anybody see any side-effects with this?

/Joe

  • joe
  • Administrator
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: REVALUATION OF CURRENCY

I cannot recall this topic. It is quite old. The routines have been rewritten a year or two ago.

Please update to release 2.3.24 to check if this is working as you want now.

/Joe