Defining currency revaluation for a specific detail account

You can flag one or more accounts for revaluation at the detail account level. Follow these steps to define currency revaluation for a specific detail account:

  1. Access Chart of Accounts (GL00.1). Click the Accounts link on the appropriate summary account line to open Detail Accounts (GL00.3).
  2. On GL00.3, click the More link for the detail account that you want to revalue, and open Account Information (GL00.4).
  3. Click the Currency form tab to define currency revaluation.
  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.