Currency Revaluation

jungleboy

Dear all,

First of all, Happy New Year to everyone.

Just a question on the GL/periodic activities/currency/adj exchange rate batch process.

My client currently implemented GL module without payable and receivable module. Hence, when they run the currency revaluation batch job with option 'Adjust customer, vendor & bank a/c' checked, system give me an error msg 'Division with zero. 0/0'. So I wonder this is the cause if without the relevant module implemented.

They use the bank code together with GL a/c.
Eg. Payment entry: Dr expenses Cr bank
Or Payment receipt: Dr bank Cr creditor

I advise them to use the bank a/c figure to multiply with new rate manually via journal entry.
For gain: Dr Bank a/c Cr Gain a/c
For loss: Cr bank a/c Dr loss a/c

Is the above solution correct?
Normally how to perform revaluation based on the above situation? What about the creditor & debtor who using foreign currency during journal posting and cannot be trace in GL entry?



Thank you in advance.