Account Revaluation

How to Enter an Account Reevaluation 

1. Navigate to Banking > Account Revaluation in the main menu.

2. The date of the revaluation is automatically set to the current date. Click the Calendar button to change the date. The account balance will be calculated based on the date entered.

3. Enter the Reference and Description.

4. Select the Bank Account to be revalued. If the foreign currency account is not a bank account, users can Select the Other Accounts check box to select a general ledger account.

5. Enter the new Exchange Rate. Enter the New Balance of the account in local currency and press the Tab key to set the FX Gain/Loss amount.

6. Click the Post button. An Account Revaluation (AR) Journal is created.