Foreign currency revaluation - Setup and configuration

 Currencies can be created and maintained from Currencies from which is available in below path:

Path: General Ledger > Currencies > Currencies

Currency exchange rate providers form can be accessed from below path:

Path: General Ledger > Currencies > Configure exchange rate providers

 Please make sure it is set to your desirable currency exchange rate provider. in my case it is set to Central bank of Europe which is listed in exchange rate provider. this will provide Exchange rates from the Central bank of Europe.

Exchange rate Types can be accessed from below path:

Please make sure Average and Closing exchange rate type are defined in the system:

 

Imported Currency exchange rates are visible on the click of highlighted Exchange rates on above screen shot, these exchange rates are being imported from currency Exchange rates providers as shown in above steps.

Foreign currency Revaluation can be executed and calculated from below path:

Path: General Ledger > Currencies > Foreign currency revaluation.

Please provide date range using From date and To date for which foreign currency has to be revaluated. 

Provide the main account (Profit and loss/ Balance sheet/All) which has to be revaluated.

Select the currency which has to be revaluated.

Once inputs are done Press OK button to see the revaluation amount.

Enjoy!