Description |
*This issue relates to i21 Help Desk ticket:* [ HDTN-261373 - FREVAL-G137- Revalue General Ledger|https://helpdesk.irely.com/iRelyi21live/#/HD/Ticket/?ticket=HDTN-261373]
*This issue relates to i21 Help Desk ticket:* [ HDTN-261373 - G137 - Revalue General Ledger|https://helpdesk.irely.com/iRelyi21live/#/HD/Ticket/?ticket=HDTN-261373]
The transaction for GL Revaluation will be different from other revaluation transitions in that it will book to the source account that created the difference and it will not reverse.
* In AP AR and other modules you are comparing the transactional value of each open item to the current value of the currency to get to an unrealized gain or loss.
* this amount is reversed because eventually you will pay or receive payment on the transaction and a realized gain or loss will be recognized.
* In the general ledger there is no transactional record - just a balance so the gain or loss should be realized on a monthly basis.
* Therefore there is no reversing entry to a General ledger revaluation.
*Details:*
# GL Revaluation entries should be booked to the realized account rather than unrealized.
# GL Revaluation should not reverse at month end.
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