How to update G/L postings that reflect the revaluation and create a printout if all postings are correct is described here.
Caution: Most countries follow the prudency concept which means that you are only allowed to update losses.
- In order to run a proper update you have to decide your selection criteria as well as whether you are to revalue gains and/or losses. Make your selections by completing the fields according to Create a simulation of losses. In addition, you have to update the following fields:
- Simulation
- Set to NO since you are to update transactions this time.
- Elimination/Period
- Default value for elimination is YES. The default for the elimination period is based on the parameter for elimination period in the G/L control file. You can change the default values.
- Voucher type
- You have to enter a voucher type since we are to update transactions. This voucher type must be valid for the REVB routine.
Click OK and the revaluation is performed. Note: If any exchange rates are in error, you will get an error report, and no update will be performed. Exit the routine.