AP Revalue Foreign Balances

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Foreign Creditor balances are revalued to provide an accurate picture of current business commitments and their current worth if repatriated. Revaluation is required as part of the End Of Period for AP, but may be run as a task when required. Transfer to GL transfers Unrealised Variation records as journals between:

Unrealised Gain\ Loss on Exchange (Expense account in the Trading Account of the Chart Of Accounts).
GL account for creditors.


Period		Defaults to the Current Period. Prior periods to limit of first available period may be revalued if required, for example, if an incorrect exchange rate was used.
Valuation Date		Defaults to the last day of the Current Period (can be changed).
Last Valuation Date		Displays the date of the last revaluation.
	Expand Toolbar `(Alt+F9)`	Expand the toolbar to give access to all toolbar options. Press `Esc` to close the expanded toolbar.
	Print `(Ctrl+P)`	Print an AP Revaluation Report.
Currency Code		The Currency codes of all foreign creditors.
Rate Type		Defaults from FX Settings (can be changed).
Exchange Rate		If a revaluation has previously been performed for the valuation date, this loads the rates used. Otherwise rates are fetched from Exchange Rate based on the date or date closest to the Valuation Date, (can be changed). If no rates are found they will need to be entered.
	Save Rates	Save back to FX Exchange Rate for the date specified in the Valuation Date field.
	Run `(F9)`	Revalue unallocated Foreign Transactions from revaluation period up to current period and update base currency balances for Foreign Creditors. Create Unrealised Variation records for each revalued transaction.
	Cancel `(Esc)`	Close the form and do not make any changes.