Vendor foreign currency revaluation periodic job (class form) [AX 2012]

Updated: September 14, 2011

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click Accounts payable > Periodic > Foreign currency revaluation. Click Foreign currency revaluation.

Use this form to revalue foreign currency amounts on open vendor transactions that are open on a specific date.

NoteNote

Before you can revalue foreign currency amounts, you must set up profit and loss ledger accounts for foreign currency revaluations. (Click General ledger > Setup > Currency > Currency exchange rates.)

The following links and table provide descriptions for the controls in this form.

Enter criteria on the General tab

Submit a batch processing job from a form

Field

Description

Method

Select the method to use for the foreign currency revaluation:

  • Standard – Foreign currency revaluations are posted regardless of whether the result is a profit or a loss.

  • Minimum – Foreign currency revaluations are posted only if the result is a loss.

  • Invoice date – Foreign currency revaluations use the original exchange rate of the transactions, which are revalued to their original value in the accounting currency. The effect of any prior foreign currency revaluation is canceled.

    You might use this selection if you are preparing to convert your legal entity to use a different accounting currency or reporting currency. For more information, see Prepare a legal entity for a currency conversion.

Considered date

Select the date when all transactions that have open (not settled) amounts on that date will be found. Foreign currency amounts are revalued with the exchange rates that are entered in the Currency exchange rates form for the considered date.

ImportantImportant

When foreign currency amounts are revalued on a considered date, this date becomes the last foreign currency revaluation date for the transactions that are revalued. For example, you revalue foreign currency amounts for a considered date that is earlier than the last foreign currency revaluation date. In this case, the transactions that are open on the considered date, but that have a recent last foreign currency revaluation date, are not adjusted by the periodic job. Therefore, the last foreign currency revaluation date is not updated when you revalue foreign currency amounts for a single transaction, but only when you run the vendor foreign currency revaluation periodic job.

Date of rate

The date that determines the exchange rate that is used in the foreign currency revaluation. If this field is blank, the exchange rate that applies to the considered date is used in the foreign currency revaluation.

NoteNote

If you revalue foreign currency amounts, and you later change the exchange rate in the Currency exchange rates form, this change is not reflected in foreign currency revaluation transactions that have already been posted.

Description

Enter text to help identify the foreign currency revaluation.

Notes

Enter notes about the foreign currency revaluation.

Use posting profile from

Select the posting profile that is used for the foreign currency revaluation transactions:

  • Posting – The posting profile of the vendor transaction is used.

  • Select – The posting profile is determined by the posting profile that is selected in the Posting profile field.

Posting profile

If Select is selected in the Use posting profile from field, the posting profile of the foreign currency revaluation transactions is determined by the posting profile in this field.

Select among the posting profiles that have been set up in the Vendor posting profiles form.

Dimension

Select the type of financial dimensions that are posted on the foreign currency revaluation transactions:

  • None – No financial dimensions are posted on the foreign currency revaluation transactions.

  • Table – The financial dimensions of the vendor account are posted on the foreign currency revaluation transactions.

  • Posting – The financial dimensions of the transaction that is being revalued are posted on the foreign currency revaluation transactions.

Print

Select this check box to print a report that displays details about this revaluation of foreign currency amounts.

You can print this report only if you select this check box immediately before you revalue foreign currency amounts. The report is not saved for later reference.

NoteNote

You can always view the foreign currency revaluation transactions and the transactions that are revalued in a particular run of the foreign currency revaluation job. For more information, see Vendor foreign currency revaluation (form).


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