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General Ledger

FX Revaluations

FX (Foreign Exchange) Revaluation

Automate the FX revaluation of Receivables, Payables, Bank Accounts, and Accrued/Deferred Revenue

Overview:

The foreign exchange revaluation feature enables you to revalue balances in your Receivables, Payables, Bank Accounts, and Accrued/Deferred Revenue.

Prerequisites:

Steps:

Navigate to General Ledger>FX Revaluation
On the Search FX Revaluation landing page, you will see any existing FX revaluations and can scroll through the list or use the filter section for a more targeted search.

Create a New FX Revaluation

Steps:

Navigate to Accounting>General Ledger>FX Revaluations
On the Search FX Revaluation landing page, select CREATE A NEW FX REVALUATION
On the Create FX Revaluation Page there are a few options

Screenshot 2024-09-08 at 9.50.25 PM

Options	Description
Accounting Year	Select the accounting year
Accounting Month	Select the account month.
Get FX Rates From Current Rates	Select the foreign exchange rates to be used for revaluation. Current Rates: Default rates that are setup in the system. To learn more about setting up default exchange rate click here Consolidated Rates: Via the Consolidated Exchange Rates link and data is populated from Xignite, subscription required. To learn more click here. Monthly Rates: Select a specific report rate based on the month it was created.
Revaluation Types	Select the transactions with FX movements to revalue: Receivables Payables Bank Accounts Accrued Revenue Deferred Revenue You can select one or more.
Offices	Select multiple offices or single office to revalue
Currencies	Select multiple currencies or a single currency to revalue

Select the parameters required for the FX Revaluation and select Next
You will be directed back to the Search Revaluation landing page, and you will notice that unapproved revaluation entries have been created.
Click on a revaluation to access a detailed view

Select Post and view the journal to see the impact to your General Ledger.