FX revaluation
Foreign currency balances at month end are remeasured into rupiah at the latest rate.
Before you start
- The company uses foreign currencies, enabled in Settings › Multi-currency.
- Exchange rates for the revaluation date are available.
- Access to post journals.
Steps
Step 1: Open FX revaluation
In the sidebar, choose Overview, then Report, and open FX Revaluation.
Screenshot coming soon
The FX Revaluation page with the Run revaluation section.
Step 2: Choose the date and scope
In Run revaluation, fill in the Revaluation date and choose the Scope: Foreign cash and bank, Open customer invoices, Open vendor bills, or Open invoices and bills. Click Preview.
Screenshot coming soon
The revaluation date and scope with the Preview button.
Step 3: Post the revaluation
Check the exchange differences in the preview, click Post revaluation, then Confirm post.
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The revaluation preview with the Post revaluation button.
When you are done
- Finday posts GL-only base currency adjustments, and reverses them automatically on the first day of the next period.
- A posted revaluation can be reversed from its history with the Reverse button.
Common problems
Revaluation is not in the close checklist
Revaluation is not part of the checklist. Run it before closing the period if you have foreign currency balances.
Something still unclear?
Ask us on WhatsApp. The Finday team replies during office hours and can walk you through it in your own account.