Product Update 399: Revaluation of Neutral General Ledgers Displayed with Compliance to Storno Presentation (Romanian Legislation)

Revaluating the general ledger (GL) accounts in a foreign currency is usually done to offset differences due to currency fluctuations. For more information, see Generating Revaluation for General Ledger.

In this product update for the Romanian legislation, the revaluation entry for the neutral type of balance sheet GL is displayed in compliance with Storno presentation. Both the total balance based on the original exchange rate and revaluation exchange rate will be booked to the same neutral GL and presented as a Storno type. Any revaluation gain or loss is booked to the Profit & Loss GL defined at the respective currency. Therefore, there is no change to the revaluation process, only the presentation of data is in compliance to Storno.

The following prerequisites must be adhered to:

• Only applicable to the Romanian legislation.
• Applicable when Balance sheet is selected under the Reporting Group section in the Basics tab of Creating and Maintaining General Ledger Accounts. At the same time, in the Basics tab under the General section, Neutral account is selected at Subadministration, the Allow revaluation check box is selected, and Debit or Credit is selected at Balance.

Revaluation entries for the neutral type of balance sheet GL displayed in compliance with Storno presentation will affect the following:

• Finance/General ledger/Select/Search
  
  
• Finance/General ledger/Analytical accounting
  
  
• Finance/General ledger/Cost centers/units/Cost center
  
  
• Finance/General ledger/Cost centers/units/Cost unit
  
  
• Finance/General ledger/Cost centers/units/Cost center
  
  
• Finance/General ledger/Cost centers/units/Cost unit
  
  
  

• Go to Finance/General ledger/Cards and click Display
  
  
  

• Go to Finance/General ledger/Cards and click Print
  
  

• Go to Finance/Reports/Interactive balance and click Start
  Note: Applicable when Trial balance, Balance sheet, or Balance sheet/ Profit & Loss is selected at Layout and Debit/Credit/Balance is selected at Presentation under the Criteria section.
  
  

• Go to Finance/Reports/Balance/PL and click Start
  Note: Applicable when Trial balance is selected at Layout under the Criteria section.
  

An example of the compliance to Storno presentation when printing the GL card is displayed below:

Note: This change is not applicable to Exact Compact.