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Hi All,
It is possible that Multicurrecy Revaluation is calculated incorrectly? Please refer to the following links:-
http://img89.imageshack.us/img89/7220/20100419evaluationstep0.png http://img89.imageshack.us/img89/4790/20100419evaluationstep0f.png http://img13.imageshack.us/img13/7220/20100419evaluationstep0.png http://img13.imageshack.us/img13/7220/20100419evaluationstep0.png http://img263.imageshack.us/img263/7220/20100419evaluationstep0.png http://img263.imageshack.us/img263/7148/20100419evaluationstep2.png http://img202.imageshack.us/img202/3789/20100419tb.pngI have no clue how DP came out with the revaluation amount. Now we have to work out the correct revaluation manually.
Appreciate for feedbacks.
Thanks
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Hi Suet,
Apologies, but I haven't had a chance to look at this yet. I've been very busy - my week was thrown out by the flight delays in Europe. I'll get to this probably tomorrow? In the meantime, keep sending any updates etc.
Talk to you soon.
Ian.
Hi Ian,
When troubleshooting, i noticed that the Revaluation journal posted shows Currency ID as USD. But for my client, the Currency ID displays as MYR although they revalued USD. It is not possible to select to revalue MYR as their functional currency ID is MYR.
Is there anyway to rectify this?
This could be the thing causing a huge unrealized amount calculated.
Thanks
Regards,
SuetLee
Hi,
Thanks so much for getting back to me. I have tested on revauation and believe it should work fine. But somehow, the result shows otherwise for this issue.
Please find attached. Basically, revaulation was done on USD Currency. rate for 31/3/10 is 3.305
http://img339.imageshack.us/img339/8228/usdbanktb.pnghttp://img339.imageshack.us/img339/6364/20100426selecacccurr.png
http://img717.imageshack.us/img717/8312/100426smartlistusdbank.png Looking forward to hear from you. Thanks
Hi, yes the financial revaluation works fine. It simply takes the transactions that make up a GL balance and revalue them at a certain rate. It gets complicated when more than one currency is posting to the account etc. but it certainly works.
Unfortunately, you haven't given us enough information to go on in the screen shot. We would need to explore all of the transactions that posted into that account and look at their originating currency, their posting dates, and their original FX rates. We would also need to see what options you choose at the revaluation stage.
Best regards,
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