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Revaluation woes - bank balances not correct

edited Dec 3, 2019 2:58PM in General 5 comments

We are running into the following:
1. revalue a period (e.g. may) as part of closing procedure
2. revalue the same period again. all fx rate variances are now 0 (as they should be since you already revalued before).
3. compare ending bank balances as indicated on revaluation with ending bank balances on balance sheet.

They should be the same (which is the whole point of revaluation) but are NOT!
And they are off by thousands (tens of thousands in some cases)!

We have brought this to the attention of NS months ago, but 'till now they have not been able to find the cause of this serious problem.

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