Running FX revaluation twice in a month
Period end
Situation
A second FX run for the same year-month is refused.
Recommendation
Run once per month; enter all closing rates before running.
Why
A second run for the same period is refused to avoid double-posting differences. If any foreign balance lacks a closing rate the whole run is refused.
Steps
- Enter closing rates for every currency with a balance.
- Run FX revaluation once for the month.
- If wrong, reverse the old run before rerunning.
Avoid
- Rerun to ‘refresh’ rates.
Roles & permissions
General accountant.