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Foreign currency revaluation should be performed several times a year because exchange rates constantly fluctuate due to economic, political, and market factors. In accounting, it is essential to reflect these fluctuations to ensure a true and fair view of the company's financial position.
Pour ajouter une réévaluation :
- Click on "Accounting.".
- Then, click on "General Ledger."
- Click on "Revaluations" to manage currency revaluations.
- Once in the section, click on "Add Revaluation".
- Select the date.
- Select the accounts to be revalued.
- If you want to remove certain accounts from the selected group, enable this option.
- Select the accounts to exclude.
- If you want to create a custom account group, select "Other."
- Select the account range.
- Finalize the revaluation by clicking "Confirm."
- Select the date.
- How to View the Generated Accounting Entries:
- Click on the arrow to return to the General Ledger.
- Select one of the accounts related to the created revaluation.
- Select the generated accounting entry to view its details.
- Here, you can see the specific details of the generated revaluation entry.
- Click on the arrow to return to the General Ledger.
Pour modifier une réévaluation créée :
Click on "Revaluations."Select the revaluation you want to modify.
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- Make the necessary changes.
- Click on "Confirm" to save the modifications.
- Make the necessary changes.
- Click on the three-dot menu. Select "Delete" to remove the revaluation.
You can create as many revaluations as needed throughout the accounting period to keep your financial statements up to date.