Visma.net ERP

Revalue supplier accounts (CM504000)

This topic gives you information about the elements that you find in this window in Visma.net ERP, such as fields, field values, buttons, and check boxes.

You can use this window to revalue Supplier ledger accounts that are maintained in a foreign currency.
You select a foreign currency to display all accounts maintained in this currency, select the specific accounts to be revalued, and provide a description for the Supplier ledger revaluation.

You can revalue the Supplier ledger accounts at the end of each period as often as needed to accurately reflect your cash position.

The accounts used for the gain/loss and Supplier ledger accounts are set for each currency in the Currencies (CM202000) window.

The window toolbar

Button	Description
Revalue	Initiates the revaluation of the selected account-subaccount pairs or those for which you selected the unlabelled check boxes in the table. As a result, a Currency management batch is released and posted. If there is an error in the Period or the Currency effective date field, the button is disabled.

Button

Description

Revalue

Initiates the revaluation of the selected account-subaccount pairs or those for which you selected the unlabelled check boxes in the table.

As a result, a Currency management batch is released and posted.

If there is an error in the Period or the Currency effective date field, the button is disabled.

The top part

By using the elements in this area, described in the following table, you can specify a revaluation.

Element	Description
Period	The financial period for which revaluation is performed. If the On period closing option is selected in the Generate reversing entries field in the General ledger preferences (GL102000) window, you cannot run the revaluation. An error message to change the setting will be displayed. If the selected period or the next period is inactive, you will get an error message. To be able to process, go the Financial periods (GL201000) window and activate the period(s). If the period is closed and the Allow posting in closed periods check box in the General ledger preferences (GL102000) window is clear, you will get an error message. To be able to process, select the Allow posting in closed periods check box. If the period is closed and you allow posting in closed periods (the Allow posting in closed periods check box in the General ledger preferences (GL102000) is selected), you will get a warning message.
Currency effective date	The effective date for the currency exchange rate to be used for the revaluation. By default, it is the last day of the current period. If you enter a date outside the selected period, you will get an error message and cannot process the transactions.
Currency	The foreign currency used by the suppliers.
Description	A detailed description for the revaluation. An alphanumeric string of up to 30 characters can be used. The system uses this description as the description of the batch (and each journal entry of this batch) generated by the revaluation process. For example: It is added to the Transaction description column in the Journal transactions (GL301000) window for each journal entry of the Currency management batch, and to the Description column in the Account details (GL404000) window for each Currency management batch.
Revaluation total	The total amount of the revaluation. The value is calculated in the base currency.

The table

This table contains the list of accounts with balances in the original currency and the base currency before and after revaluation.

Column	Description
Branch	The branch that uses this account.
Account	An account that has records in the selected currency.
Description	The description of the account.
Subaccount	The subaccount used with the account. This column is available only if the Subaccounts functionality is enabled in the Enable/disable functionalities (CS100000) window.
Supplier	A supplier whose balance is maintained in the selected currency on the account shown in the Account column.
Supplier name	The supplier name as it appears in the system.
Currency rate type	The rate type to be used for the revaluation. It is specified in the Revaluation rate type suppliers field in the Currency management preferences (CM101000) window. The rate type can also be specified for a supplier individually in the Currency rate type field in the Suppliers (AP303000) window.
Currency rate	The currency rate effective on the date of revaluation.
Foreign currency balance	The balance in the selected foreign currency.
Original balance	The account balance in the base currency as it is maintained historically.
Gain or loss PTD	The period-to-date (PTD) revaluation gains or losses accrued on the Supplier ledger provisioning account if such an account was specified for the selected foreign currency.
Revalued balance	The balance of the account recalculated by using the efficient currency rate.
Difference	The difference (in the base currency) between the original (historical) and the revalued balances.
Last revaluation period	The period when revaluation was performed last.

Related concepts

About supplier and customer revaluations

Revalue customer accounts (CM505000)