Revaluation of Foreign Currency Bank Accounts
Guru's,
My Client has foreign currency Bank Accounts and needs to revalue then at the year end.
I am able to revalue AP & AR using the Open Items Revaluation report. This is a good report which states which transactions have been revalued at what rate and the difference which can reconciled with Revaluation Journal entry in GL.
However when it comes to CE I am not able to find any such request. Also the user guide is silent in this regard. I am not referring to treasury only basic Cash Management functionality.
Should I manually check the exchange rate and pass a Journal or is there a process to do it in Cash Management. Also this can become a limitation if I make the cash as a control account. Should I make it as control account? or else its only Supplier and Customer accounts only.
My Client has foreign currency Bank Accounts and needs to revalue then at the year end.
I am able to revalue AP & AR using the Open Items Revaluation report. This is a good report which states which transactions have been revalued at what rate and the difference which can reconciled with Revaluation Journal entry in GL.
However when it comes to CE I am not able to find any such request. Also the user guide is silent in this regard. I am not referring to treasury only basic Cash Management functionality.
Should I manually check the exchange rate and pass a Journal or is there a process to do it in Cash Management. Also this can become a limitation if I make the cash as a control account. Should I make it as control account? or else its only Supplier and Customer accounts only.
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