1. Identify all Ledger Accounts to be revalued

For any Ledger Accounts that need to be revalued at month end, ensure that Revalue Forex Rates is checked.

2. Revalue Forex Rates

Click the lock button under FX, for the period you want to close. For any locations with transactions booked in currencies that are different than the reporting currency for that location, you have the option to set a new rate.

For example, once you click Save Rates on the screen below, the following will happen:

1) a journal entry will be recorded for any gains and losses resulting from the change from the original transaction rate

2) the balance for any Ledger Accounts set to be revalued will be adjusted accordingly

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