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This text refers to program version 4.0  

Revaluation of Base Currency 2

This function, available through the 'Maintenance' item on the File menu in the Nominal Ledger, will look to all Transactions compare the Exchange and Base Rates used at the time of the Transaction (or those used when the 'Revaluation of Base Currency 2' function was last run) with the Exchange and Base Rates for a specified date. If the two sets of Exchange and Base Rates result in different values in Base Currency 2, a new Nominal Ledger Transaction will be created. Where the application of the Exchange and Base Rates for the specified date results in a loss in Base Currency 2, that loss will be debited to the Account specified in the specification window and credited to the Account used in the original Transaction. Where a gain results, that gain will be credited to the Account specified in the specification window and debited to the Account used in the original Transaction.

If it is necessary to find out the value of the Transaction that will be created by this function, run the Base Currency Rate Change report first.

Accounts

Paste Special    Account register, Nominal Ledger/System module

Range Reporting    Alpha

If you want to apply the function to a specific Account or range of Accounts, specify that here.

Balancing Account

Paste Special    Account register, Nominal Ledger/System module

Specify here the Account to be debited with losses and credited with gains in Base Currency 2. An Account must be specified here, otherwise the function will have no effect.

Transaction Date

Paste Special    Current Date

Specify here the Transaction Date of the Transaction that will be created by the function. Transactions whose Transaction Date is later than this date will not be included in the scope of the function. If no date is entered, the current date will be used.

Date of Exchange Rate

Paste Special    Current Date

The Exchange and Base Rates that were in use on the date specified here will be used in recalculating the balances in Base Currency 2. If no date is entered, the current date will be used.

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