Defining currency revaluation for a specific posting account

You can flag one or more accounts for revaluation at the posting account level, within a posting accounting unit. Follow these steps to define currency revaluation for a specific posting account:

  1. Access Accounting Units-Accounts (GL20.1) and inquire on the company and posting accounting unit.
  2. Click the Accounts link to open Posting Accounts (GL20.2).
  3. For each account that you want to revalue, click the More link to open Account Options (GL20.3), Currency page.
  4. Define currency revaluation. Use these guidelines to specify the field values:
    Revalue

    Select Yes in the Revalue field to have transactions in this account revalued when using Currency Revaluation (GL191). See Revaluing currency.