Foreign Currency Revaluation for Multiple Subsidiaries

Foreign currency revaluation process can be run for a large number of subsidiaries at one time. To run revaluation, go to  

Transactions> Financial> Revalue open currency balances. 

Select the subsidiary for foreign currency revaluation, and check the “Include Children” box, and then select the account categories to include in the revaluation. 

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When running the foreign currency revaluation process for multiple subsidiaries at one time, the following changes appear on the Month End Currency Revaluation page: 

• The general ledger accounts list will not show any accounts.  
• The Results subtab lists the subsidiaries revalued with a link to the transaction. 
• The Account Type field becomes the Account Category field and includes the following options: 

1. All 
2. Other – includes the balance sheet account types not listed as options, such as Other Current Liability, Long Term Liability, Credit Card, Other Current Assets, Other Asset, and so on. 
3. Accounts Payable 
4. Accounts Receivable 
5. Bank 

• The Currency field is not displayed, if we checked the “Include children” box. Because we are running revaluation for all subsidiaries. 
• The classification fields such as Class, Department, and Location are disabled if we checked the “Include children” box.