The following describes how you update G/L postings that reflect the revaluation and create a printout if all postings are correct.
Caution: Most countries follow the prudency concept which means that you are only allowed to update losses.
- In order to run a proper update you have to decide your selection criteria as well as whether you are to revalue gains and/or losses. Make your selections by completing the fields according to Create a simulation of losses in A/P. In addition, you have to update the following fields:
- Simulation
- Set to NO since you want to update transactions this time.
- Elimination/Period
- Default value for elimination is YES. The default for the elimination period is based on the Elimination periods parameter in the G/L control file. You can change the default values.
- Voucher type
- You have to enter a voucher type since you are updating transactions. This voucher type must be valid for the routine REVO.
Click OK and the revaluation is performed. Note: If any exchange rates are in error, then you will get an error report, and an update will not be performed.