Visma Net

Revalue general ledger accounts (CM506000)

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

Use this window to revalue General ledger accounts denominated to foreign currencies.
Select a currency of denomination to display all General ledger accounts maintained in this currency, and then select accounts and provide a description for the revaluation.
You can revalue the General ledger accounts denominated in foreign currencies as often as needed to accurately reflect your cash position.

The window toolbar

Button	Description
Revalue	Initiates the revaluation of the General ledger accounts you have selected. As a result, a batch of Currency management transactions 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

Element	Description
Period	The period for which revaluation is performed. If the period is inactive, you will get an error message. To be able to process, go the Financial periods (GL201000) window and activate the period. If the period is closed and the Allow posting in closed periods check box in theGeneral 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. By default, the last day of the current period is shown.
Currency	The currency of denomination.
Description	A detailed description of the revaluation. You can use up to 30 characters, both numbers and letters. 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 table

Column	Description
Branch	The branch that uses this account.
Account	An account that has records in the selected foreign 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.
Currency rate type	The rate type to be used for the revaluation. It is specified in the General ledger revaluation rate type field in the Currency management preferences (CM101000) window. It can also be specified for a General ledger account individually in the Revaluation rate type field in the Chart of accounts (GL202500) 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.
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 last performed.

Related concepts

About supplier and customer revaluations

About translations

Related windows

Revalue supplier accounts (CM504000)

Revalue customer accounts (CM505000)

Translations history (CM401000)

Translation definition (CM203000)

Translation worksheets (CM304000)

Release translations (CM502000)

Journal transactions (GL301000)