Revalue Subtask
Use this subtask to revalue a cash account at the account level.
This subtask calculates revaluation using the ending balance of the selected cash account for the specified period and subperiod and can be used even when there are no transactions available for adjustment. Unlike the Adjust/Revalue Subtask, which operates on individual transactions, the Revalue Subtask operates on the overall cash account balance.
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. |
Account
| Field |
Description |
| Revaluation Account |
Enter, or click to select, the revaluation account to which Costpoint posts the offsetting amount created by the revaluation process. |
| Cash Account |
Enter, or click to select, the cash account to revalue. Costpoint calculates revaluation using the ending balance of this account for the selected period and subperiod. |
Organization
| Field |
Description |
| Revaluation Account |
Enter, or click to select, the organization associated with the revaluation account. |
| Cash Account |
Enter, or click to select, the organization associated with the cash account. |
REF 1
| Field |
Description |
| Revaluation Account |
Enter, or click to select, a reference 1 for the revaluation account for this transaction. |
| Cash Account |
Enter, or click to select, a reference 1 for the cash account for this transaction. |
REF 2
| Field |
Description |
| Revaluation Account |
Enter, or click to select, a reference 2 for the revaluation account for this transaction. |
| Cash Account |
Enter, or click to select, a reference 2 for the cash account for this transaction. |
| Field |
Description |
| Date |
Enter the date for this transaction. |
| Description |
Enter a description for this transaction. |
Adjustments
| Field |
Description |
| Amount |
After you click Revalue, this non-editable field displays the calculated revaluation amount. |
| Bank Amount |
After you click Revalue, this non-editable field displays the ending balance of the selected cash account in the bank currency. |
| Functional Amount |
After you click Revalue, this non-editable field displays the calculated functional currency value of the selected cash account based on the exchange rate specified on the Exchange Rates subtask. |
| Revalue |
Click this button to revalue the selected cash account.
Costpoint calculates revaluation using the ending balance of the cash account for the selected period and subperiod. The ending balance includes the beginning balance plus all transactions within the period. Costpoint compares the calculated functional currency value to the existing functional currency value and records the variance as a journal entry. The cash account is adjusted by the revaluation amount and the offsetting amount is posted to the selected revaluation account. |
Subtask
| Subtask |
Description |
| Exchange Rates |
Click this link to open the Exchange Rates subtask. |
Exchange Rates Subtask
Use this subtask to add, edit, and/or view exchange rate information.
Parent Topic:
Subtasks of the Adjust Currency Balances Screen
