Adjust/Revalue Subtask
Use this subtask to revalue an adjustment.
Period to Post
| Field | Description |
|---|---|
| Period | Enter, or click  to select, a period. |
| Subperiod | Enter, or click to select, a subperiod. |
| Ending Date | The ending date displays in this field. |
Operation Choice
| Field | Description |
|---|---|
| Adjustment - Debit | Select this option to increase the bank account balance; interest earned is added here. This adjustment is converted to your company's functional currency. A journal entry to keep the functional and bank account currencies in balance is automatically generated. |
| Adjustment - Credit | Select this option to decrease the bank account balance; service charges paid are subtracted here. This type of adjustment is converted to your company's functional currency. A journal entry to keep the functional and bank account currencies in balance is automatically generated. The journal entry uses the exchange rate that you select on the Exchange Rates subtask. |
| Revaluation | Select this option to revalue the bank amount to your company's functional currency using the latest exchange rate. |
Account Information
The Account/Organization/REF 1/REF 2 combination in this group box varies depending on the Operation Choice you selected.
For an Adjustment - Debit operation, you must enter the Credit Adjustment and Debit Cash Account/Organization/REF 1/REF 2 combination. For an Adjustment - Credit operation, you must enter the Debit Adjustment and Credit Cash Account/Organization/REF 1/REF 2 combination. For a Revaluation operation, you must enter the Revaluation and Cash Account/Organization/REF 1/REF 2 combination.
| Field | Description |
|---|---|
| Account | Enter, or click to select, the debit/credit adjustment, revaluation, or debit/credit cash accounts for this transaction. |
| Organization | Enter, or click to select, the debit/credit adjustment, revaluation, or debit/credit cash account organizations for this transaction. |
| REF 1 | Enter, or click to select, a reference 1 for the debit/credit adjustment, revaluation, or debit/credit cash account for this transaction. |
| REF 2 | Enter, or click to select, a reference 2 for the debit/credit adjustment, revaluation, or debit/credit cash account for this transaction. |
| Date | Enter the date for this transaction. |
| Description | Enter a description for this transaction. |
Adjustments
| Field | Description |
|---|---|
| Amount | Enter the amount of the adjustment in this field. |
| Bank Amount | This non-editable field displays the adjustment in the foreign currency. |
| Functional Amount | This non-editable field displays the adjustment in your company's functional currency. |
| Adjust | Click this button to create a journal entry and journal entry number. |
Subtask
| Subtask | Description |
|---|---|
| Exchange Rates | Click this link to open the Exchange Rates subtask. |
Related Topics:
Use this subtask to add, edit, and/or view exchange rate information.