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In this routine you can revalue G/L account balances in system currency with a given percentage, due to inflation (or deflation), and create G/L postings that reflect the revaluation.
G/L postings created by this routine are posted to the inflation account defined in Work with inflation account groups, where revaluation percentages are entered as well.
The revaluation concerns all accounts with an inflation account group entered in the Account file. The Work with chart of accounts routine is used to establish the link between desired main accounts and their inflation account.
All inflation account groups are revalued during one run, except those groups with an inflation rate of 0% defined, if any.
This routine can be run in two modes, simulation mode or update mode. Either mode creates a control list. It is recommended to carry out a simulation run to confirm the revaluation before invoking an update run.
It is entirely the user’s responsibility to keep track of the inflation revaluation runs, when they should be performed and to what percentages.
- Balance period
- Balances for the period you enter will be revalued. Actual period is proposed as the default balance period.
- Accounting period
- Enter the period where created G/L postings should be posted. Accounting period is mandatory in update mode and not used in simulation mode.
- Simulation
- Set to YES for simulation mode, meaning a control list is produced but no G/L update will take place. Set to NO for update mode, meaning a control list is produced and G/L is updated.
- Voucher type
- Enter a valid voucher type if Simulation is set to NO. If Simulation is set to YES, then this field can be left blank. The voucher type must be valid for the INFL routine. The voucher type controls the voucher numbering of the G/L postings created, and the voucher number series must exist for the year of the accounting period.