About supplier and customer revaluations

You perform revaluation by using the Revalue supplier accounts (CM504000) window or the Revalue customer accounts (CM505000) window.

The default rate types for supplier and customer revaluations can be specified in the Currency management preferences (CM101000) window.
If they are not specified, the system will use the effective rates of the types associated with particular suppliers or customers.
During revaluation, document amounts are revalued using the rates effective at the date of revaluation.

Generally, revaluations are performed for reporting purposes only; therefore, all the journal entries generated as a result of a revaluation, should be reversed in the following period.
Each revaluation batch generated as a result of a customer or supplier revaluation is an auto-reversing batch; the system will automatically generate a reversing batch with the date set on the first day of the next period.

If needed, you can perform revaluation of supplier ledger and customer ledger accounts more than once for the same period.
Subsequent revaluations in the same period adjust the previous amounts up or down to the current revalued amounts, and each revaluation generates an auto-reversing batch.

Revaluation gains and losses are included in the net income on the period-end reports.