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Revaluation at sub ledger

Posted: Sun Nov 04, 2007 12:15 pm
by cheriyalaroopa@gmail.com
how to do revaluation at sub ledgers. if suppose i purchased an item or an asset last period , and i haven`t paid the amount . in current period i want to revalue it . so how i can revalue it in payables. can any one help me out in these issue.




Regards
Roopa

Posted: Mon Nov 05, 2007 1:22 pm
by kommineni7
Hi,
Once we run the payables transfer to GL, We can run revaluation. Revaluation is run normally at period end to capture the forgien currency flatuations.

As per my knowledge we dont run revaluation at payables subledger level. we run at gl level only.

please correct me if any body knows ...............