Costpoint Online Help

Using the Help Search
Using the Help Search
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    Ex."system administration"
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    Ex.system + administration
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    Ex.system administration
For more information:Searching Online Help

Perform the Balance Sheet Revaluation

To perform the balance sheet revaluation at the end of a period:

  1. Display the Create Revaluation Entry screen.
  2. In Period to Revalue, specify the period for which you want to create a revaluation journal entry.
  3. In Account, select the balance sheet accounts that you want to include in the revaluation process. (Do not select the equity account that you set up for OCI. Select only the accounts for which you want the process to calculate revaluation entries.)
  4. In Balance Sheet Organization, select the organizations that you want to include in the revaluation process.
  5. In Rate Group ID, select the rate group that you want Costpoint to use to determine the currency exchange rates that apply.
  6. Click the Print Default Report button on the Costpoint toolbar to generate the Balance Sheet Revaluation report so you can preview the results of the revaluation before you actually create the journal entry.
  7. If the results are correct, run the Create Revaluation Entry process for the selected balance sheet accounts and organizations.

    When you post adjusting journal entries for the period, the journal entry created by the revaluation process is posted to the general ledger. (If you ran a revaluation at the end of the preceding period, the reversing journal entry created at that time for what is now the current period is posted also.)

    For more information on running the revaluation process, see Create Revaluation Entry.