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Does Fusion only use YTD for Balance Sheet revaluation?

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Summary:

I have read that Income Statement accounts are revalued using PTD and Balance Sheet uses YTD.

I see from the revaluation setup screen, that there is an option to set revalue Income Statement accounts using PTD or YTD.

Does this setup only apply to Income Statement Accounts ....... does revaluation for Balance Sheet accounts only use YTD (does it not look at the "Income Statement Accounts Basis" at all)?

Seems to be a bit of an obvious question, but I'd just like to make 100% sure.

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Fusion Cloud


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