Setting up Ledger Revaluation Profiles

Ledger Revaluation Profiles (LEP) allow you to define and record the selection criteria for transactions that must be revalued using Ledger Revaluation (LER). You can create any number of profiles for different types of currency transactions and for the different combinations of currency revaluations that you require.

This provides an audit trail from revaluation transactions to the selection criteria in the revaluation profile. Each profile retains read-only audit data such as when the profile was last run, the revaluation periods, and journal number range.

Ledger Revaluation (LER) revalues selected currency transactions using the exchange rates for the periods from the revaluation period to, and including, the current period. This allows calculation of the unrealized currency gain or loss or a currency balancing adjustment. For example, you can recalculate the base currency values from the transaction currency values, for all of your debtor account transactions. In this example the transaction currency value is the source of the revaluation, and the base currency is the target.

You can revalue different combinations of currencies depending on your pivot currency, your business unit setup and the source and target currencies you specify. The valid combinations are described in Selecting the Revaluation Source and Target Currencies.

You can identify the transactions to be included in a revaluation precisely by specifying the selection criteria for this profile.

The revaluation differences may be a currency gain or loss, or a currency balancing adjustment. These differences can be posted individually, or they can be consolidated.