Manage revaluations

If your company has trade partners that use foreign currencies, you may want to maintain the supplier ledger accounts of some suppliers and the customer ledger accounts of some customers in foreign currencies. In Visma Net, balances for foreign-currency accounts are maintained in both the foreign and the base currencies. Every transaction posted to such an account updates its balance in both currencies, and the amount in the base currency is calculated using the current exchange rate of the specified type associated with the supplier or customer.

If you have such accounts in your system, at the end of each period, you have to revalue the balances of those accounts in the base currency, so that all relevant data is in the same currency and can be used for reporting. Revaluations reflect the changes in exchange rates between the dates when the documents were created (the dates of the sales or purchases) and the date of revaluation.