Revaluation reports are not showing any activity ????. I have looked at all the multicurrency setups, exhange tables, rates, account currencies etc. but I still am not able to

(0) Share

Report

Posted on by Community Member

determine why nothing happens when I go to financial, routines, revalue

I would appreciate any suggestions.

thanks

Carolyn

*This post is locked for comments

I have the same question (0)

All responses (7)

Answers (0)

Mahmoud Saadi 32,738 on at

Like (0)

Report

RE: Revaluation reports are not showing any activity ????. I have looked at all the multicurrency setups, exhange tables, rates, account currencies etc. but I still am not able to

Could you please provide further details on the steps you are performing through the revaluation.

Is the currency checked ? Are you ensuring that a valid exchange rate is entered for the revaluation period for the selected currency ?

Looking forward to hearing from you

Was this reply helpful? Yes No
Community Member on at

Like (0)

Report

RE: Revaluation reports are not showing any activity ????. I have looked at all the multicurrency setups, exhange tables, rates, account currencies etc. but I still am not able to

I am sure it is something I set up wrong, but I woudl appreciate your review.

I can send you a spredsheet of all the setups or if you have any way to view my screens that would be great

Was this reply helpful? Yes No
Mahmoud Saadi 32,738 on at

Like (0)

Report

RE: Revaluation reports are not showing any activity ????. I have looked at all the multicurrency setups, exhange tables, rates, account currencies etc. but I still am not able to

I would appreciate it if you provide us with few screen shots for the setup,results and the steps you are performing.

Was this reply helpful? Yes No
Community Member on at

Like (0)

Report

RE: Revaluation reports are not showing any activity ????. I have looked at all the multicurrency setups, exhange tables, rates, account currencies etc. but I still am not able to

here are my screen shots for setup

Was this reply helpful? Yes No
Community Member on at

Like (0)

Report

RE: Revaluation reports are not showing any activity ????. I have looked at all the multicurrency setups, exhange tables, rates, account currencies etc. but I still am not able to

well, can't seem to get my screen shots in

give me a minutes-- been a very long day thankyou foryour patience

Was this reply helpful? Yes No
Community Member on at

Like (0)

Report

RE: Revaluation reports are not showing any activity ????. I have looked at all the multicurrency setups, exhange tables, rates, account currencies etc. but I still am not able to

Was this reply helpful? Yes No
Suggested answer

Mahmoud Saadi 32,738 on at

Like (0)

Report

RE: Revaluation reports are not showing any activity ????. I have looked at all the multicurrency setups, exhange tables, rates, account currencies etc. but I still am not able to

The revaluation process is not limited to the setup you provided above, let me provide a brief so that you could check the prerequisites for the revaluation process.

1- Most importantly, GO TO Cards > Financial >Account Currencies.

Mark "Revalue Account" to revalue the selected account when the revaluation procedure is performed. Typically, cash accounts for another currency are revalued to calculate the unrealized gain or loss based on fluctuating exchange rates.

For mass entry, go to Multicurrency Mass Account Update window . GO TO Cards > Financial > Currency Account Update

2- Posting accounts for Realized and Unrealized Gain/Loss must be entered.

Tools > Setup > Posting > Posting Accounts window

In this window, you setup the accounts that will be used for all currencies revaluation.

Now, go to Routines > Financial > Revaluation.

Choose a series, check the selected currency, create and post transactions for gains and losses

associated with fluctuating exchange rates. Please take into consideration the results/ calculate gains and loss options.

Please check the options mentioned above and provide us with your feedback.

Was this reply helpful? Yes No