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[Zvika Rimalt]

I hoping to hear here from anyone using the Bank Foreign Currency Revaluation, and from anyone who might have used before the legal “GL foreign currency revaluation”, and shifted to use the new functionality.

Any thoughts?
What does the Bank Revaluation do better?

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Zvika Rimalt
Functional Consultant
Vancouver BC
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[Chantal Golding]

Hi Zvika,

The bank revaluation revaluates the balance amount of the bank account as opposed to every transaction amount in the Bank GLs with the GL reval. For us the bank reval made much more sense mainly for this reason for all the bank GLs. We only use the GL reval for other type of account such as Interco, etc.

Also, we were using the same GL account for CAD bank account in a Canadian & non-Canadian functional companies so we could not run the GL revaluation across multiple companies at once because we did not want to reval that GL account in the Canadian company but we needed to reval it in the foreign company. 
The bank reval allows to select specific bank accounts to reval across companies at once.

Thanks
Chantal

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Chantal Golding
PSP Investments
Sainte-Julie QC
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