Understanding the Revaluation of Domestic Amounts for Foreign Open Vouchers

To abide by the Hungarian Corporate Tax Law and Accounting principles, you must run the A/P - Generate Yearly Revaluation and A/P - Daily Revaluation Update reports to calculate unrealized gains and losses while working with foreign vouchers.

You must run the A/P - Generate Yearly Revaluation report at the end of the fiscal year. For each foreign open amount, this report generates a new gain or loss document based on exchange rate fluctuations between the time that the voucher was created and the as of date of the report.

Run the A/P - Daily Revaluation Update report after you pay a voucher. It voids the revaluated document and if there is still any open amount, it generates a new revaluated document with the revaluated open amount.