This option enables all foreign currency values to be revalued whenever a change has been made to the exchange rate. Autoline will recalculate the currency difference, and if the Revaluation option is taken, will make relevant postings to the currency difference account.
Only accounts with Expense code check box 'Revalue' set to a tick will be revalued.
To revalue a currency:
From the Autoline master menu select the Nominal Ledger option and the company you require.
Select the Bank & currency options option.
Select the Currency revaluation option.
The Currency Revaluation form is displayed.
On selecting this option you are presented with a data entry screen which prompts for the following criteria:
Posting/cut-off date: This is the date that the system will
use to include transactions for revaluation. Dependent upon system
parameters, this can either default to be system date (today's date),
end-of-period or blank for user to enter.
An 
ellipsis button can be used to display a calendar to aid date selection.
Bank account: Enter the relevant foreign bank account for
revaluation. There is a search facility, activated by clicking the
ellipsis button, to view and select a chosen bank account.
Leave blank to revalue all foreign bank accounts.
Currency code: The currency code is system-generated upon
entering the chosen bank account. There is a search facility,
activated by clicking the 
downarrow
button, to view and
select a chosen currency code.
Leave blank for all foreign currency codes.
RADIO BUTTONS
Having completed the above fields you are presented with the following radio buttons: Summary print, Detailed print and Revalue accounts.
Summary print: Click the Summary print radio button and then click the Process button to give a summarized list showing the total of the currency amount to be revalued, the old base value, the new base value and the difference to be posted to the currency difference account. This is for information only and does not make any postings. When the Summary-print has run, you are presented with the button options to Continue or Reprint.
Continue: Returns you to the previous screen to select another currency.
Detailed-print: Click the Detailed-print radio button and then click the Process button to give a list of all transactions which meet the revaluation criteria. Details on this print include the original daybook number, posting date, old base value, the new base value and the difference to be posted to the currency difference account. This is for information only and does not make any postings. When the Detailed-print has run, you are presented with the button options to Continue or Reprint.
Revalue accounts: Click on the Revalue accounts radio button and then click the Process button to list all transactions which meet the revaluation criteria. A warning message will be displayed asking the user to confirm whether they want to revalue or not. A daybook will be processed immediately, therefore a printer must be available and on line.You are prompted to continue or reprint the daybook at this point. The Nominal Ledger will be updated immediately eliminating the possibility of duplicating the revaluation. You are informed by a dialog box if there are no accounts requiring revaluation.
OTHER BUTTONS
Process: This will perform the currency revaluation process. Exit: Exits the user from the option and returns to Bank and Currency menu. and HelpDisplays online help.
