ADJUSTMENTS AND REVALUE

Bank Abbr

The abbreviation of the bank that you selected in the main screen will default in this field.

Bank

The bank ID and name will default into these fields.

Currency

The currency abbreviation and name will default into these fields.

Operation Choice

Adjustment - Debit

Select this radio button to increase the bank account balance; interest earned will be added here. This adjustment will be converted to your company's functional currency.

The system generates a journal entry to keep the functional and bank account currencies in balance.

Adjustment - Credit

Select this radio button to decrease the bank account balance; service charges paid will be subtracted here. The system will convert this type of adjustment to your company's functional currency.

The system generates a journal entry to keep the functional and bank account currencies in balance.

Note:  The journal entry will use the exchange rate that you select in the Exchange Rates subtask.

Revaluation

Select this radio button to revalue the bank amount to your company's functional currency using the latest exchange rate.

Fiscal Year

Enter, or use the drop-down box to select, a fiscal year.

Period

Enter, or use the drop-down box to select, a period.

Subperiod

Enter, or use the drop-down box to select, a subperiod.

Ending Date

The ending date will automatically default in this field.

Account - Credit Adjustment Account, Debit Cash Account

Enter, or use Lookup to select, an account for both the adjustment and cash account for this transaction.

Organization- Credit Adjustment Account, Debit Cash Account

Enter, or use Lookup to select, an organization for both the adjustment and cash account for this transaction.

Ref 1- Credit Adjustment Account, Debit Cash Account

Enter, or use Lookup to select, a reference 1 for both the adjustment and cash account for this transaction.

Ref 2- Credit Adjustment Account, Debit Cash Account

Enter, or use Lookup to select, a reference 2 for both the adjustment and cash account for this transaction.

Adjustments

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.

Date

Enter the date for this transaction.

Description

Enter a description for this transaction.

Exchange Rate

Use this pushbutton to open the Exchange Rates subtask.

Adjust

Select this pushbutton to create a journal entry and journal entry number.