Brief Description
This report shows the results of adjusting a bank account's balance to account for changes in exchange rates or other factors.
Note: To learn more about working in multiple currencies, see Creating Multi-Currency Bills Using Foreign Exchange (FX) Billing.
Use Cases
Bank revaluation is important for businesses that deal with multiple currencies because it helps ensure that their financial records are accurate and up to date. This allows them to make informed decisions based on real-time financial data.
Finding and Using the Report
- In Actionstep Practice Management, go to Reports > Accounting Reports. (Your menu may show Reports > Accounting Reports > Reports List.)
- In the Foreign Currency section, click Bank Revaluation Detail. The report is displayed.
Then, refer to these articles for help generating and saving reports for future use:
Available Filters
- Bank Account: Choose the account you want included in the report.
- Entered Date Range: Enter the date range you want covered in the report, or click the drop-down list to choose an existing date configuration (like Financial year to date).
- Show Zero Bank Revaluation: Select this option to display transactions where the revaluation amount is $0. Clearing this option will show only transactions with an amount greater than $0.
- View Type: Choose the output for the report.
Report Output
This report is saved as a PDF to your browser's default Downloads folder.
- Date: Shows the transaction date.
- Description: Shows the transaction description.
- Posted Amount: Shows the amount posted to the ledger.
- Base Rate: Shows the base rate as posted.
- Base Amount: The amount of the transaction using the base rate.
- Current Rate: The rate being used to revalue the transaction.
- Current Amount: The revalued amount based on the current rate.
- Revaluation Amount: Shows the adjusted revaluation amount, based on the current and base amounts.
Updated