Revaluing changes the value of your base currency due to exchange rate changes, completed monthly or quarterly.

1. Open the relevant bank account.
2. Open the Revaluations tab and select Revalue this bank account.
3. Select the date for revaluation.
4. The system automatically populates the exchange rate, but you can change it manually.
5. A Loss or gain shows as a difference, posted to the Exchange rate gains and losses ledger account. This appears on your Profit and Loss Report.
6. Add a reference for audit purposes, for example, a month-end revaluation.
7. Select Revalue.

The Revaluations tab shows details of all revaluations. Delete any errors and complete the revaluation again.