You will 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 (see Set up inflation account groups) and a control list will be printed.
- Select the Revalue G/L inflation accounting groups menu item.
- You access G/L inflation revaluation. Complete the following fields:
- Balance period
- The system proposes the actual balance period as default. Balances for the entered period will be revalued.
- Accounting period
- Enter the period where you want the created G/L postings to be posted.
- Simulation mode
- Set to NO to perform an update of the inflation account. Tip: It is recommended that you run a simulation to confirm the revaluation before you perform an update, see Revalue account balances – simulation mode. Both modes create a control list.
- Voucher type
- Enter a voucher type for routine INFL. The voucher type entered here controls the voucher numbering of the G/L postings created. The voucher number series must exist for the year of the accounting period.
Fill in the printing parameters and click OK to perform the inflation revaluation.