Currency revaluation

Currency revaluation is the process of checking summarized transaction currency amounts against current daily rates or period rates. If the rates have changed, then amounts are adjusted to match the new daily rates or period rates. Offsetting amounts are sent to the unrealized gain or unrealized loss account. Revaluation occurs only for accounts that are selected to revalue.

Currency revaluation occurs in Global Ledger by reporting basis for the posting accounts that you select for revaluation. Transaction amounts can be revalued for functional, alternate currencies, and enterprise currencies. The daily rates or period rates that are in effect at the time of the revaluation are used.

Currency revaluation is available in Payables and Receivables for vendors and customers that you select for revaluation.