How Income Statement Account Balances Are Transferred to FX Position Accounts and Revalued

The Transfer Income Statement Account Balances to FX Position Accounts and Revalue process transfers specific income statement account balances to foreign exchange (FX) position accounts and revalues the position account balances.

This table describes the transfer and revalue subprocesses.

Subprocess	Description
FX Transfer	Generates journal entries that move revenue and expense foreign currency balances to balance sheet position and counter position accounts.
FX Revaluation	Creates a journal that revalues the balance sheet FX position account. It also runs standard revaluation if you select the Transfer and revaluation or FX revaluation options when submitting the process.

This table describes each parameter.

Parameter	Description
Data Access Set	Data access sets that are assigned to the submitter.
Ledger or Ledger Set	Identifies the ledger or ledger set.
Revaluation	Revaluation definition.
Accounting Period	Period whose balances are to be transferred.
Accounting Date	Date for the resulting journal entries.
Rate Date	Date that identifies the rates to apply for revaluation.
Options	Select from among the following processing options: Transfer and revaluation: Default value. Transfers income statement account balances to position accounts, performs standard revaluation, and then performs FX revaluation of position account balances. Note: When you select this option, the transfer and revaluation journals are posted automatically, regardless of how the Post automatically option for the revaluation definition is set. FX revaluation: Performs standard revaluation and then performs FX revaluation of position account balances. Transfer: Transfers income statement account balances to position accounts. If the transfer and revaluation are going to be scheduled to run individually, then plan the schedule sequence carefully. The revaluation depends on the revaluation setup and that the transfer journals are created and posted.

The transfer subprocess identifies the revaluation definition using the Revaluation parameter. Based on the account value derived from the revaluation definition account filter, the balance sheet FX position account from the FX Revaluations setup is determined. With the balance sheet FX position account as the base identifier, the other associated account combinations are identified from the FX Revaluation and FX Transfer setups and are then used in the journal processing.

Given how the Transfer Income Statement Account Balances to FX Position Accounts and Revalue process determines which FX transfer and FX revaluation accounts to use, set up revaluation definitions with precision. If you want to select a range of balance sheet position accounts for revaluation, it’s recommended to use the parent value instead of the Between operator in the revaluation definition. Parent values are also helpful in a revaluation definition when chart of account values are alphanumeric.