About general ledger revaluations

For each of the denominated accounts, you can specify a rate type in the Revaluation rate type column in the Chart of accounts (GL202500) window, so that, the system will use the rate of the currency of the specified type.

• If you do not specify any specific rate type for an account, the system will use the rate type specified in the General ledger revaluation rate type field in the Currency management preferences (CM101000) window.

• You can revalue the general ledger accounts by using the Revalue general ledger accounts (CM506000) window.
  Revaluations are performed by currency and by financial period, and you can select particular accounts whose balances you want to revalue.

• As a result of revaluation, the system calculates the difference between the revalued balance and the original balance and generates a batch that posts this difference to the denominated general ledger account and to the Revaluation gain account or to the Revaluation loss account, depending on the sign of the difference.

• For each foreign currency, you can select accounts to post gains and losses from revaluations in the Revaluation gains and losses accounts section in the Currencies (CM202000) window.

• You can run general ledger revaluation at the end of the period as many times as you need to.
  Each time, the balance of the denominated account in the base currency will be updated by the difference, and the gain or loss amount will be posted either to the revaluation gain account or to the revaluation loss account.

• Gains and losses calculated for general ledger revaluations are generally included in the net income for the period.