The Multi-Currency Revaluation Session can be used to either show the effect a change in specific currency rate could cause, or to calculate and revalue transactions to match the change in a currency rate.
By saving a Multi-Currency Revaluation Session, the selected transactions will be revalued.
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Note: Unrealised gains/losses only occur while the revaluation session is active. If the session is reversed so is the unrealised gain/loss. |
To commence a Multi-Currency Revaluation Session:
▪On the ribbon, go to Accounts > Multi-Currency Revaluations.
▪Select the currency to be revalued.
▪Click Edit.
▪The date will populate with today's date.
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Note: You cannot backdate a revaluation session because it picks up the live general ledger balances. |
▪Enter the exchange rate for the transactions to be calculated at.
▪Either click Select All, or tick each transaction to be revalued in the Select column.
▪To revalue each selected transactions, click Save.
To disregard the session without revaluing selected transactions, click Cancel.
If there are any purchase orders where the rate is locked (box is ticked by Jim2), the rate will not be changed.
The Amount (NZD) column is showing the transaction total in the selected foreign currency.
The Amount (AUD) is showing the current equivalent value in home currency with respect to the exchange rate the transaction was finished at.
The Revaluation Amt (AUD) is showing the calculated value in home currency with respect to the rate to revalue at.
The Gain/Loss (AUD) is the unrealised gain or loss that will be created.
A final confirmation appears after clicking Save.
Further information
Reversing a Previous Revaluation Session