Currency revaluation

Currency revaluation is the process of checking non-base transaction amounts against current exchange rates or translation rates and adjusting the amounts to match the new exchange rates or translation rates, with offsetting amounts sent to a gain or loss account. Revaluation happens only for accounts that are selected to revalue.

• Currency revaluation happens in the General Ledger application for the General Ledger accounts that you mark for revaluation.

  If your company has reporting currencies, then the General Ledger application can also revalue non-base transaction amounts to the reporting currencies.

  Note: For information about setting up Accounts Payable and Accounts Receivable accounts for revaluation, see the Accounts Payable User Guide or the Accounts Receivable User Guide.

• Currency revaluation happens in the Accounts Payable and Accounts Receivable applications for vendors and customers that you mark for revaluation using Vendor (AP10.1) or Customer (AR10.1).

  Note: Account currency is not revalued.