Foreign Currency Revaluation for Bank Accounts

^{This applies to version 3.3.0 and later versions.}

Overview

Setting up Polish Bank Accounts for FIFO Revaluation

To set up bank accounts for FIFO Revaluation:

1. Go to Transactions > Poland Localization > Przeszacowanie FIFO > New (using an administrator role).

2. Under the Primary Information field group, select the following:

   • Subsidiary * —

   • Bank Account * —

   • Latest Revaluation Period —

3. Under the Default Entry field group, select the following:

   • Gain (Loss) Account * —

   • Department —

   • Class —

   • Location —

4. Click the Save button.

Generating Revaluation Schedule and Entries

To generate revaluation schedule and entries:

1. Go to Transactions > Poland Localization > Przeszacowanie FIFO.

2. Click the View link next to the FIFO revaluation record you want to revalue.

3. Click the Revalue button.

4. From the pop-up, select the applicable period from the Period drop-down field.

5. Click the Generate Revaluation button.