Hello,
I have a question regarding the Revaluation Routine for the A/P Subledger. A client of mine runs the routine at month-end for the Unrealized Gain/Loss option. However, they run it as a Reverse Transaction (meaning they recognize the Unrealized G/L at the last day of the period, and reverse the first day of the following month). What we have noticed is that doing this just updates de G/L accounts but does nothing to the revaluation of the open A/P transactions, which means that while a Unrealized Gain/Loss was recorded at the G/L level, the A/P Aged TB does not consider the revaluation, causing discrepancies between the A/P module and the General Ledger. What the client expects is to run the A/P Aged Historical TB as of the last day of the period and have it balance with the A/P G/L account, even if that balance was reversed the next period.
Not sure if this is supposed to happen this way, but it begs the question, what's the point of running the A/P Revaluation routine with Unrealized G/L and a reverse transaction if it does nothing to the actual A/P module itself??
Is what my client doing make sense or should they just run the routine without reversing the Unrealized G/L?
Any help in understanding this would be greatly appreciated!!
