Revaluation of Currency Accounts

Purpose

You may unmark the automatic Revaluation of Currency Accounts that is default set in Company Setup. Then you decide yourself when you want to run these revaluations. At least you should do that on Fiscal Year End.

This is operation recalculates value of your foreign currency savings in GL using current daily exchange rate.

Procedure

For specific Currency: GL-FMS -> Currencies -> Automatic exchange rate update and for default value: Config -> Company Setup -> Automatic Revaluation Currency Accounts.

Tips and Tricks

The specific currency's setting is stored in the auto update field of the currencies table.