Enabling the Balance Based Currency Revaluation Feature

The Balance Based Currency Revaluation feature enables you to perform currency revaluation based on GLA balances. When you enable this feature, the Currency Revaluation Journal option is added to the journals type and the Currency Revaluation Method field is added to the Currency Revaluation Template layout. This field has the GLA Balances and GLA and Dimensions 1-4 Balances options. You can then use these options for balance based currency revaluation.

Ensure that you have system administrator permissions before attempting to enable this feature. For more information about prerequisites, see Enabling and Disabling Features

To enable this feature, work through the steps in the order shown on the screen. When a step has completed, its Status changes from "Not Done" to "Done".

  1. Click Perform on step 1 to add the Currency Revaluation Journal value to the Type picklist in journals.
  2. Click Perform on step 2 to add the Currency Revaluation Method field to the Currency Revaluation Template page layout.
  3. Manually perform step 3 for override values and click Mark as Done when completed.
  4. Click Perform on step 4 to add the Currency Revaluation History object to all the company queues with the prefix FF.
  5. Click Perform on step 5 to add the GLA and Dimensions 1-4 revaluation method to the Currency Revaluation Method picklist on Currency Revaluation Templates.
  6. Manually check that each bank account record has its own general ledger account. Click Mark as Done when completed.
  7. Click Perform on step 7 to update bank account GLAs that have trial balance 3 = Bank and Cash
  8. Click Perform on step 8 to add the Bank Balance Revaluation field to the Currency Revaluation Template page layout.

When you have completed all the steps, use the Status slider in the Feature section to mark the feature as enabled.