Revaluation of AP Documents: Generated Transactions
When you a perform revaluation of open AP documents, the system creates a revaluation batch with the results of the revaluation. This auto-reversing batch is automatically reversed on the date at the beginning of the next financial period.
The batch updates the unrealized gain or loss account specified for the currency with the calculated gain or loss amount on the Currencies (CM202000) form. The system calculates the difference between the revalued balance and the original balance in the Difference column for each account in the selected currency.
Revaluation gains and losses are included in the net income on the period-end reports.
Transactions Generated for Revaluation Loss
If the difference between the revalued balance and the original balance is positive, the revaluation has resulted in losses, and the system generates a batch that posts to the accounts shown in the following tables.
Depending on whether the provisioning account has been specified, the system generates either of the following batches.
| Account | Debit | Credit |
|---|---|---|
| Accounts Payable account | 00.00 | Amount |
| Unrealized Loss account | Amount | 00.00 |
| Account | Debit | Credit |
|---|---|---|
| Accounts Payable Provisioning account | 00.00 | Amount |
| Unrealized Loss account | Amount | 00.00 |
Transactions Generated for Revaluation Gains
If the difference between the revalued balance and the original balance is negative, the revaluation has resulted in gains, and the system generates a batch that posts to the accounts shown in the following tables.
Depending on whether the provisioning account has been specified, the system generates either of the following batches.
| Account | Debit | Credit |
|---|---|---|
| Accounts Payable account | Amount | 00.00 |
| Unrealized Loss account | 00.00 | Amount |
| Account | Debit | Credit |
|---|---|---|
| Accounts Payable Provisioning account | Amount | 00.00 |
| Unrealized Loss account | 00.00 | Amount |