Viewing Revaluation Steps Concept Viewing Revaluation Steps Viewing

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Viewing Revaluation Steps Concept

Viewing Revaluation Steps Concept

Viewing Revaluation Steps

Viewing Revaluation Steps

Viewing Revaluation Steps Step 1 Begin by navigating to the Ledger and Time. Span

Viewing Revaluation Steps Step 1 Begin by navigating to the Ledger and Time. Span page. Click the Scroll Down button.

Viewing Revaluation Steps Step 2 Click the General Ledger menu.

Viewing Revaluation Steps Step 2 Click the General Ledger menu.

Viewing Revaluation Steps Step 3 Click the Process Multi. Currency menu.

Viewing Revaluation Steps Step 3 Click the Process Multi. Currency menu.

Viewing Revaluation Steps Step 4 Click the Define and Process menu.

Viewing Revaluation Steps Step 4 Click the Define and Process menu.

Viewing Revaluation Steps Step 5 Click the Revaluation Step menu.

Viewing Revaluation Steps Step 5 Click the Revaluation Step menu.

Viewing Revaluation Steps Step 6 Click in the Process Step field.

Viewing Revaluation Steps Step 6 Click in the Process Step field.

Viewing Revaluation Steps Step 7 Enter the desired information into the Process Step field.

Viewing Revaluation Steps Step 7 Enter the desired information into the Process Step field. Enter "MULTIBOOK".

Viewing Revaluation Steps Step 8 Click the Search button.

Viewing Revaluation Steps Step 8 Click the Search button.

Viewing Revaluation Steps Step 9 Use the Ledger and Time. Span page to define

Viewing Revaluation Steps Step 9 Use the Ledger and Time. Span page to define a ledger, timespan, and rate type for revaluation.

Viewing Revaluation Steps Step 10 Use the Effective Date field to enter the date

Viewing Revaluation Steps Step 10 Use the Effective Date field to enter the date on which this step is valid. Using a date far in the past ensures that the value will be available for any record requiring the use of this step.

Viewing Revaluation Steps Step 11 The Status can be Active or Inactive.

Viewing Revaluation Steps Step 11 The Status can be Active or Inactive.

Viewing Revaluation Steps Step 12 Use the From Ledger Group and Ledger fields to

Viewing Revaluation Steps Step 12 Use the From Ledger Group and Ledger fields to specify the from ledger group and specific ledger in which you want to perform the revaluation. You cannot specify a translation ledger for revaluation. If you do not specify a ledger, revaluation revalues the amounts of all the ledgers in the ledger group. To revalue a ledger group with KLS (keep ledgers in sync) selected, you must leave the Ledger field blank.

Viewing Revaluation Steps Step 13 People. Soft General Ledger generates journal entries whose amounts

Viewing Revaluation Steps Step 13 People. Soft General Ledger generates journal entries whose amounts represent the period of time indicated in the Time. Span field for the revaluation being processed. The timespan normally used for balance sheet accounts is BAL (year to date). Using this timespan, the system totals the account balances in periods 0 through n for balance sheet accounts.

Viewing Revaluation Steps Step 14 Use the Rate Type field to enter the exchange

Viewing Revaluation Steps Step 14 Use the Rate Type field to enter the exchange rate type for the process.

Viewing Revaluation Steps Step 15 Click the Source Chartfields tab.

Viewing Revaluation Steps Step 15 Click the Source Chartfields tab.

Viewing Revaluation Steps Step 16 Use the Source Chartfields page to specify accounts to

Viewing Revaluation Steps Step 16 Use the Source Chartfields page to specify accounts to revalue.

Viewing Revaluation Steps Step 17 Use the Chart. Field field to select the Chart.

Viewing Revaluation Steps Step 17 Use the Chart. Field field to select the Chart. Field (for example, Account or Alternate Account) that you want to revalue using the timespan and rate type specified.

Viewing Revaluation Steps Step 18 In the How Specified group box, list accounts individually

Viewing Revaluation Steps Step 18 In the How Specified group box, list accounts individually by selecting the Selected Detail Values option or, more commonly, select the Selected Tree Nodes option. The latter option activates the Tree Information fields, where you can specify a tree from which to select nodes. Using trees establishes rollups for the account values so that you can select particular types of accounts according to the structure of your business unit.

Viewing Revaluation Steps Step 19 Use the Tree field to establish rollups for account

Viewing Revaluation Steps Step 19 Use the Tree field to establish rollups for account values.

Viewing Revaluation Steps Step 20 If the tree has levels, you can limit prompting

Viewing Revaluation Steps Step 20 If the tree has levels, you can limit prompting in the Level field to selected levels.

Viewing Revaluation Steps Step 21 In the Chartfield values/Tree nodes grid, select particular types

Viewing Revaluation Steps Step 21 In the Chartfield values/Tree nodes grid, select particular types of accounts according to the structure of your business unit. You should use trees whenever possible to reduce future maintenance when your Chart. Field values change.

Viewing Revaluation Steps Step 22 Click the Output and Journal Options tab.

Viewing Revaluation Steps Step 22 Click the Output and Journal Options tab.

Viewing Revaluation Steps Step 23 Use the Output and Journal Options page to specify

Viewing Revaluation Steps Step 23 Use the Output and Journal Options page to specify output options, journal information, and revaluation reversal options.

Viewing Revaluation Steps Step 24 Use the Journal ID Mask field to identify the

Viewing Revaluation Steps Step 24 Use the Journal ID Mask field to identify the revaluation journal naming convention. People. Soft General Ledger identifies journals by a 10 -character alphanumeric identifier. The system automatically names journals starting with the mask value that you specify here. For example, if you enter a mask value of RVAL 1, then the system will supply the remaining characters based on the next available journal ID number. If the next available journal ID number is 19, then the generated journal ID would be RVAL 100019. Alternatively, if you do not use the journal ID mask, then the system automatically will assign the next 10 -character available journal ID number. If you use a journal ID mask, reserve a unique mask value to ensure that no other process creates the same journal

Viewing Revaluation Steps Step 25 Use the Source field to identify the source of

Viewing Revaluation Steps Step 25 Use the Source field to identify the source of the journals. You can select any valid source in the Source table.

Viewing Revaluation Steps Step 26 Select the Create Journal Entries option to create journal

Viewing Revaluation Steps Step 26 Select the Create Journal Entries option to create journal entries with a header status of V = Valid that can be posted automatically as part of revaluation processing or through the normal posting methods. You can select the Post Journal(s) option along with this option to automatically post the journals you create.

Viewing Revaluation Steps Step 27 Journal entries that are created by the Revaluation process

Viewing Revaluation Steps Step 27 Journal entries that are created by the Revaluation process already have a valid journal status because the values processed are from previously-edited data in existing ledger tables. You can, however, select the Edit Journal(s) option to edit journals that are created by revaluation to be validated for such things as changes to combination edits or inactivated Chart. Fields. You can then review the journals using journal inquiry after you edit them.

Viewing Revaluation Steps Step 28 Use the Budget Check Journal(s) option to submit journal

Viewing Revaluation Steps Step 28 Use the Budget Check Journal(s) option to submit journal entries to the budget processor for the control budget.

Viewing Revaluation Steps Step 29 Use the Post Journal(s) option to post journals to

Viewing Revaluation Steps Step 29 Use the Post Journal(s) option to post journals to the target ledger as part of revaluation processing. When you process multiple revaluation steps together, and each step depends on the results of the previous step, you must select this option for all but the last step to provide updated ledger balances for each subsequent step. In the last step, posting the journals is optional. The journals created by multicurrency processing are not intended or designed to be viewed using the journal entry pages before running journal edit or journal post.

Viewing Revaluation Steps Step 30 Use the Target to Adjustment Period option to specify

Viewing Revaluation Steps Step 30 Use the Target to Adjustment Period option to specify an adjustment period as the accounting period for the revaluation journals. Enter a period in the Target Adjusting Period field. An adjustment period revaluation journal can only be reversed to an adjustment period. If you want to reverse the journal, click the Reversal link and select the Adjustment Period option to enter an adjustment period in the Specify field on the Multi. Currency Process Journal Reversal page.

Viewing Revaluation Steps Step 31 The Reversal link allows access to the Multicurrency Process

Viewing Revaluation Steps Step 31 The Reversal link allows access to the Multicurrency Process Journal Reversal page. To facilitate period-based reporting, the system generates a reversal for the period that follows the revaluation process period. The net amount that results in the target ledger represents the current period year-to-date (YTD) amount less the reversal amount generated by the previous period process run. The reversal journal date is calculated using the as of date of the process request, the reversal option, and the business unit calendar.

Viewing Revaluation Steps Step 32 Use the Chart. Field fields in the Target Chartfields

Viewing Revaluation Steps Step 32 Use the Chart. Field fields in the Target Chartfields section to select the Chart. Fields to be included in the revaluation journal entries. These Chart. Fields relate to the Chart. Fields that you specified on the Specifying Gain and Loss Chart. Fields for the Revaluation page. If you are balancing by Chart. Fields, include all balancing Chart. Fields as your target Chart. Fields.

Viewing Revaluation Steps Step 33 You can select the Retain Value option or you

Viewing Revaluation Steps Step 33 You can select the Retain Value option or you can enter a Chart. Field value in the Chartfield Value column. If you select Chart. Fields, the Chart. Field values are carried over from the source transaction entries to the systemgenerated position accounts. For the ledger defined on the Ledger and Time. Span page and for a balancing Chart. Field as defined in the ledger group, if you select the Retain Value option for the gain and loss Chart. Fields, then you must also select it here, for the Target Chart. Field. If you do not select the Retain Value option for gain and loss Chart. Fields, then it is deselected for the Target Chart. Field. All three fields must have the same

Viewing Revaluation Steps Step 34 If you did not select the Retain Value option,

Viewing Revaluation Steps Step 34 If you did not select the Retain Value option, then use the Chart. Field Value field to specify the Chart. Field value to be used for the system-generated target account. If you enter a Chart. Field value here, the system ignores the Chart. Field value on the source transaction entry. When a Chart. Field value is not included in target Chart. Fields, it is blank for the target journals. You can create extra gain or loss entries from multiple runs of revaluation if the gain Chart. Field value is different from the corresponding loss Chart. Field value.

Viewing Revaluation Steps Step 35 Click the Gain and Loss Chartfields tab.

Viewing Revaluation Steps Step 35 Click the Gain and Loss Chartfields tab.

Viewing Revaluation Steps Step 36 Use the Gain and Loss Chartfields page to identify

Viewing Revaluation Steps Step 36 Use the Gain and Loss Chartfields page to identify the revaluation gain and loss accounts or to specify the accounts for which you record translation gain or loss.

Viewing Revaluation Steps Step 37 Use the Gain Chart. Keys grid to enter the

Viewing Revaluation Steps Step 37 Use the Gain Chart. Keys grid to enter the Chart. Field and either select the Retain Value option or enter a value in the Chart. Field Value field.

Viewing Revaluation Steps Step 38 Use the Chart. Field field to indicate the Chart.

Viewing Revaluation Steps Step 38 Use the Chart. Field field to indicate the Chart. Fields to be included in the revaluation gain and loss journal entries. If you are balancing by Chart. Fields, include all balancing Chart. Fields (do not include business unit and currency) as your target Chart. Fields.

Viewing Revaluation Steps Step 39 Select the Retain Value option or enter a Chart.

Viewing Revaluation Steps Step 39 Select the Retain Value option or enter a Chart. Field value in the Chart. Field Value field. If you select the Retain Value option, the system carries over the Chart. Field values from the source transaction entries to the system-generated position accounts.

Viewing Revaluation Steps Step 40 Select the Retain Value option for a Chart. Field

Viewing Revaluation Steps Step 40 Select the Retain Value option for a Chart. Field for both gain and loss, or for neither. That is, for the same Chart. Field, either select both options or deselect both options.

Viewing Revaluation Steps Step 41 For the ledger defined on the Ledger and Time.

Viewing Revaluation Steps Step 41 For the ledger defined on the Ledger and Time. Span page, used for a balancing Chart. Field as defined in the ledger group, if Retain Value is selected for the gain and loss Chart. Fields, then it also must be selected for the Target Chart. Field. If the Retain Value option is deselected for gain and loss Chart. Fields, then it must be deselected for the Target Chart. Field. All three fields must have the same Chart. Field value if the Retain Value option is deselected. You can create extra gain or loss entries from multiple runs of revaluation if a Chart. Field is set to retain value in gain or loss but not in target. If some Chart. Fields are not included as target Chart. Fields, they will be deselected.

Viewing Revaluation Steps Step 42 If you did not select the Retain Value option,

Viewing Revaluation Steps Step 42 If you did not select the Retain Value option, use the Chart. Field Value field to specify the Chart. Field values to be used for the system-generated target account. If you enter a Chart. Field value here, the system ignores the Chart. Field value on the source transaction entry. When a Chart. Field value is not included in target Chart. Fields, it is blank for the target journals.

Viewing Revaluation Steps Step 43 Use the Loss Chart. Keys grid to enter the

Viewing Revaluation Steps Step 43 Use the Loss Chart. Keys grid to enter the loss Chart. Field and select the Retain Value option, or enter a Chart. Field value. The field definitions for the loss Chart. Fields are the same as for the gain Chart. Fields. If a Chart. Field retains value for gains, then it must retain value for loss; the converse is also true.

Viewing Revaluation Steps Step 44 When you balance by Chart. Fields, if a balancing

Viewing Revaluation Steps Step 44 When you balance by Chart. Fields, if a balancing Chart. Field is designated as a gain or loss Chart. Field, then the balancing Chart. Field overrides the value specified on this page.

Viewing Revaluation Steps Step 45 You have successfully viewed an existing revaluation step. End

Viewing Revaluation Steps Step 45 You have successfully viewed an existing revaluation step. End of Procedure.