The foreign currency revaluation periodic function is used to recalculate currency amounts based on a new exchange rate. At the time of the transaction, the system uses the spot rate setup in the currency exchange rate table. At month end, the currency amounts should be reevaluated based on the month end rate (for BS accounts) or the monthly average rate (for P&L accounts). Also, if your company is setup with a reporting currency, this function must be used to recalculate correctly the reporting...(read more)![]()
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