Manage exchange rate changes

To revalue your bank account

Open: Cash Book > Period End Routines > Foreign Bank Revaluation.

  1. Select the Bank account that you want to revalue.

    If the foreign currency balance of the account is zero, confirm that you also want to make the base currency value of the account, zero.

  2. Enter the Revaluation date. This is the date the revaluation transaction is posted.

    Note: The revaluation amount will be calculated using the current value of your bank account today, not the Revaluation date you enter here.

  3. If the currency is amendable, enter the New rate of exchange.
  4. The Exchange difference value is automatically calculated and displayed.

  5. To revalue the bank account, click Save.