Reverse Customer Balance Revaluation - A summary of the activity

Reverse Customer Balance Revaluation – A summary of the activity

This activity allows you to generate a journal voucher to reverse the effect of currency revaluation. If you are reversing the customer balance from the second period out of three periods, then the first period is released and can be revalued in the “Run Customer Balance Revaluation” activity of this business component. The vouchers in “Authorized” status can be reversed. You can search and select the vouchers in “Authorized” status for reversal.

The system generates a unique number for the voucher that reversed the original voucher, based on the numbering type specified. The system automatically generates a reversal voucher number for the voucher generated, on the first day of the succeeding financial period and generates a unique reversal voucher number. The system generates a voucher to reverse the original revaluation entry that is passed for the revaluation period. This is to nullify the effect of revaluation. The system updates the status of the original voucher to “Reversed” after reversal. The system updates the status of the account code to “Not Revalued”. The system updates the login ID of the user to the last modified by and the system date to the last modified date. The system also displays the creation details of the revaluation run.

Getting familiar with the pages inside

Go to page…	For…
Select Voucher	Selecting voucher for reversing customer balance
Reverse Customer Balance Revaluation	Reversing customer balance revaluation
Accounting Information	Viewing accounting information
Attach Notes	Attaching notes

What you can do in this activity

Automatic generation of reversal voucher

On Revaluation, two vouchers are generated, one as on the revaluation period end date and a reversal voucher as on the succeeding period start date. While reversing the revaluation, both these revaluation vouchers have to be reversed. Therefore set of two vouchers has to be generated, one to reversal the original voucher as on revaluation period end date and one to nullify the effect of reversal voucher on succeeding period start date.

The reversal voucher is automatically generated on the first day of the succeeding period for the voucher that is created for reversing the customer balance revaluation.

Go to “Reverse Customer Balance Revaluation” page.
Specify the number for the reversal voucher or specify the numbering type for automatic generation of reversal voucher.