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As part of revaluation excercise currency management module has posted the journal but the journal have different credit and debit value. This is causing the problem for trial balance. How to correct this entry?
Open the journal and reverse it?
The reverse batch is disabled/greyed out. Cannot use the reverse function? since this is the auto posting of transaction by CM module after doing the revaluation, just wondering if there is any other way to reverse the batch.
Aren't revaluation Journals set to auto-reverse at the start of the next period?
My experience with CM is limited to Translations and I see the same behavior there that a Translation journal cannot be manually reversed. However translations automatically recalculate each period they are run for and create adjusting journals to update the Translated Ledger journals, which is a little different to how revaluations are handled.
What happens if you try and revalue the same period again?
Hi Vidhya Thulasi are you saying that the entry created through the revaluation is out of balance?
I would echo Royce's feedback and get in touch with Acumatica support to get their advice / help / assistance to fix this issue.
Good Luck
Carl
You are right. Usually the revaluation journals are set as auto-reverse. Our's is also like that. I have done revaluation for 4 multi-currencies, for 3 of them the journals posted are auto-reversed. But only for one entry, the journal is posted with no reversal. Also the weird thing is the debit and credit total doesn't match as well. Our Trial Balance doesn't balance due to this error. Any suggestions or workaround please?
You are right. Usually the revaluation journals are set as auto-reverse. Our's is also like that. I have done revaluation for 4 multi-currencies, for 3 of them the journals posted are auto-reversed. But only for one entry, the journal is posted with no reversal. Also the weird thing is the debit and credit total doesn't match as well. Our Trial Balance doesn't balance due to this error. Any suggestions or workaround please?
I think you need to get help from Support on this one. Posting an unbalanced journal is a critical error.
I'd love to see a screenshot of the out-of-balance journal entry. I've never seen one in Acumatica before. I agree, this is a critical error.