AR Revalue Foreign Balances

Navigator > Tasks > Accounts Receivable > Revalue Foreign Balances

Foreign Customer 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 AR, 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 Debtors.


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 report `(Ctrl+P)`	Print a Revaluation report.
	Customise Toolbar	Customise Toolbar or right-click in the toolbar below the buttons to access the Customise Toolbar Menu.
Currency Code		The Currency codes of all foreign customers.
Rate Type		Defaults from FX Settings (can be changed).
Exchange Rate		If a revaluation has been performed for the Valuation Date, those rates are used. Otherwise they are fetched from FX 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 Customers. Create Unrealised Variation records for each revalued transaction.
	Cancel (`Esc`)	Close the form and discard all changes.