What Periods are Revalued and Updated?
Ledger Revaluation (LER) revalues different periods for profit and loss accounts compared to all other account types. In addition, the revaluation postings can update different periods for profit and loss accounts depending on whether they are posting unrealized gains or losses, or balancing adjustments.
What Period Can be Revalued?
Profit and Loss accounts are revalued for a selected range of periods. This means that only the currency movement for this period is revalued.
For all other account types, the transactions up to and including a selected period are revalued, that is the account balance is revalued.
What Period is Updated?
The revaluation postings update the following periods, depending on the type of account and type of posting being made.
| Profit & Loss Accounts | All Other Accounts | |
| Unrealized Gain/Loss Postings | update the period | update the last period selected |
| Balancing Adjustments | for all account types you can update either each individual period being revalued, or post the total adjustment to the final period chosen |