The simulation of losses is run based on open items in the Accounts Receivable with printout of a control list. One of the main advantages with this is that you can check the result before update and control that all exchange rates exist. Note: If you do not run a simulation, and there are errors (missing exchange rates), then the update will not be performed, and you will get an error list.
- Select the Revalue A/R open items menu item.
- You access A/R open items revaluation. The following fields can be used for selections and control when you run a simulation:
- Debtor number/Customer number
- These two fields offer you the ability to select individual customers/debtors or a range for your revaluation.
- Transaction currency
- Enter values for transaction currencies if you only want to revalue certain currencies.
- Balance period
- The system proposes the actual period as the balance period, (this will also be the accounting period for the G/L transactions). You can change to any other open period if you want to have a new base for your revaluation. All open items at the given balance period for the selected customers/debtors will then be part of the revaluation.
- Exchange rate period/level
- Enter the exchange rate period and level which will be used as comparison when calculating the gains and losses.
- Revalue gains
- Set to YES if you want to calculate gains. Set to NO if you want to calculate losses only, which applies here.
- Revalue losses
- Indicate if you want to calculate losses.
- Simulation
- Set to YES since you will be running a simulation before update.
- Details
- Indicate if you want transaction details to be printed on the control list instead of having a summation.
Click OK to start the simulation. You can check the result based on the A/R open item simulation list before you do the update. Exit the routine.