Exact Globe

Release 381: Reverse Revaluation - Grouping by Projects to be optional

Menu path

Finance/General ledger/Revaluation/Invoices & Bank/Cash

Background

The New Revaluation Method Per Invoice Group was implemented Polish, French, Malaysian and Singaporean legislations in release 380. Further enhancements are made to the selection criteria for Cost centre (CC) and Cost units (CU); as well as the grouping of results involving Project.  

What has been changed

The following changes are implemented in release 381:

• The selection criteria for Cost center and Cost unit have been changed into range
• When specific project or project range is used in the selection criteria, the invoices will be grouped by Currency/Debtor/Creditor/GL/CC/CU/Project
• When no project or All project check box is selected, the invoices will be grouped by Currency/Debtor/Creditor/GL/CC/CU

Example on how the functionalities work:

1. Create sales invoices as below:

Default currency: PLN

Current exchange rate as at 03-09-2007: 1 USD = 4.884 PLN

Invoice 1:

Invoice 2:

2. In the Finance/General ledger/Revaluation/Invoices & Bank/Cash, option Invoices by group:

• Cost center and Cost units field have been changed into range
• When no project or All project check box is selected, the invoices will be grouped per Currency/GL/Debtor/CC/CU

3. When specific project or project range is used, the invoices will be grouped per Currency/GL/Debtor/CC/CU/Project

4. Select both invoices and perform the revaluation process. Financial transactions will be created based on the groupings above for both invoices.

Revaluation entries for grouping by Currency/GL/Debtor/Project/CC/CU

Reversal entries for grouping by Currency/GL/Debtor/Project/CC/CU

Revaluation entries for grouping by Currency/GL/Debtor/CC

Reversal entries for grouping by Currency/GL/Debtor/CC