One of the main advantages with running a simulation of G/L balance account losses with printout of a control list is, that you can check the result before update and control that all exchange rates exist. Note: If you do not run a simulation, and there are errors (missing exchange rates), then the update will not be performed. You will instead get an error list.
- Select the Revalue G/L account balances menu item.
- You access G/L balance account revaluation where you make your selections. The following fields can be used for selections and control when you run a simulation:
Selection
- Account number
- These fields offer you the ability to select individual accounts, a range of accounts, or a combination of accounts for your revaluation. You can, in addition to this, use masking for selection.
- Transaction currency
- Enter values for transaction currencies if you only want to revalue certain currencies.
- Balance period
- The system proposes the actual period as the balance period. (This will also be the accounting period for the G/L transactions.) You can change to any other open period if you want to have a new base for your revaluation.
Click OK.
- You access G/L balance account revaluation with further selection fields.
- Exchange rate period and level
- Enter the exchange rate period and level which will be used as comparison when calculating the gains and losses.
- Revalue gains
- Set to YES if you want to calculate gains. Set to NO if you want to calculate losses only, which applies here.
- Revalue losses
- Indicate if you want to calculate losses.
- Simulation
- Set to YES since you will be running a simulation before update.
Specification
Click OK, after you have filled in the information, to start the simulation. You can check the result based on the G/L balance account simulation list before you do the update.