Costpoint Online Help

Adjust/Revalue Subtask

Use this subtask to revalue an adjustment.

Period to Post

Field Description
Period

Enter, or click to select, a period.

Subperiod

Enter, or click to select, a subperiod.

Ending Date

The ending date displays in this field.

Operation Choice

Field Description
Adjustment - Debit

Select this option to increase the bank account balance; interest earned is added here. This adjustment is converted to your company's functional currency.

A journal entry to keep the functional and bank account currencies in balance is automatically generated.

Adjustment - Credit

Select this option to decrease the bank account balance; service charges paid are subtracted here. This type of adjustment is converted to your company's functional currency.

A journal entry to keep the functional and bank account currencies in balance is automatically generated.

The journal entry uses the exchange rate that you select on the Exchange Rates subtask.

Revaluation

Select this option to revalue the bank amount to your company's functional currency using the latest exchange rate.

Account Information

The Account/Organization/REF 1/REF 2 combination in this group box varies depending on the Operation Choice you selected.

  • For an Adjustment - Debit operation, you must enter the Credit Adjustment and Debit Cash Account/Organization/REF 1/REF 2 combination.
  • For an Adjustment - Credit operation, you must enter the Debit Adjustment and Credit Cash Account/Organization/REF 1/REF 2 combination.
  • For a Revaluation operation, you must enter the Revaluation and Cash Account/Organization/REF 1/REF 2 combination.
Field Description
Account

Enter, or click to select, the debit/credit adjustment, revaluation, or debit/credit cash accounts for this transaction.

Field Description
Organization

Enter, or click to select, the debit/credit adjustment, revaluation, or debit/credit cash account organizations for this transaction.

Field Description
REF 1

Enter, or click to select, a reference 1 for the debit/credit adjustment, revaluation, or debit/credit cash account for this transaction.

REF 2

Enter, or click to select, a reference 2 for the debit/credit adjustment, revaluation, or debit/credit cash account for this transaction.

Field Description
Date

Enter the date for this transaction.

Description

Enter a description for this transaction.

Adjustments

Field Description
Amount

Enter the amount of the adjustment in this field.

Bank Amount

This non-editable field displays the adjustment in the foreign currency.

Functional Amount

This non-editable field displays the adjustment in your company's functional currency.

Adjust

Click this button to create a journal entry and journal entry number.

Subtask

Subtask Description
Exchange Rates Click this link to open the Exchange Rates subtask.