ANTE User ManualFX Revaluation
FX Revaluation restates your foreign-currency balances to the closing exchange rate at the end of a month, as IAS 21 requires. You pick the month, preview what would change, adjust any closing rate that is missing, and run it. ANTE posts one accounting document with the net unrealized gain or loss, and reverses it automatically at the start of the next period so that realized exchange differences are never counted twice.
Where to Find It
- Click Treasury in the sidebar
- Open Accounting, then Financial Statements, and select FX Revaluation
What Gets Revalued
Only monetary balances held in a foreign currency are revalued: accounts in the Bank / Cash, Accounts Receivable, Accounts Payable, Other Asset and Lease Liability categories. Fixed assets, equity, tax accounts and all profit and loss accounts are left alone. Prepaid and similar accounts are skipped unless they are marked as monetary on the Chart of Accounts.
Previewing a Revaluation
- Choose the Period (a month). ANTE uses the last day of that month as the revaluation date.
- Click Preview
- Check the grid. If it is empty, you have no foreign-currency monetary balances to revalue for that month.
Closing rates come from the rates you maintain on Foreign Exchange Rates. Fix the rate there once and every report uses it; override here only for this run.
Running the Revaluation
- Make sure every row has a closing rate. Run Revaluation stays disabled while any rate is missing.
- Click Run Revaluation, read the confirmation, and click Run
The confirmation reminds you that any prior-period run will be auto-reversed. On success you see the net unrealized FX amount. A net gain posts to the unrealized FX gain account and a net loss to the unrealized FX loss account, as set up on GL Account Mapping.
If a closing rate is missing for any currency, nothing is posted and nothing is reversed. Running a month that is already posted returns the existing run rather than posting twice.
Revaluation History
The table at the bottom lists every run with its Period End, Status (Posted or Reversed) and Net Unrealized FX. Click a run to open the accounting document it posted.
How It Connects
Set up first
- Foreign Exchange Rates — the closing rates used to restate each foreign balance.
- GL Account Mapping — decides which accounts receive the unrealized gain and loss.
- Chart of Accounts — account categories, and the monetary flag, decide which balances are revalued.
Gets its data from
- Journal Entries — the foreign-currency balances come from posted ledger lines.
Feeds into
- Documents — each run is stored as an accounting document you can open from the history.
- Balance Sheet — restated balances flow into the month-end statement.
- Income Statement — the net unrealized gain or loss shows as other income or finance cost.