Month-end and year-end valuation differences!

[Former Member]

Hı Friends,

What are the differences between Month-end and year end valuation in the system?

Thank you!

[former_member188028 · Accepted solution]

You are refering to Foreign currency valuation, then there is no difference.

[Former Member · Accepted solution]

Yes,foreign currency valuation

[former_member188028 · Accepted solution]

Then there will not be any difference.

Like month end, system posts the transactions for year end also.

Rgds

Murali. N

[Former Member · Accepted solution]

in month end valuation, System posts vendor or customer valuation account against P&L accounts and reverse next month, same way in year end valuation, system posts valuation record and reverse in next year, is it right?

[former_member188028 · Accepted solution]

Yes

For example

31.12.2010

Dr/Cr Forex loss/gain a/c

Cr/Dr B/s adjustment a/c

01.01.2011

Dr/Cr B/s adjustment a/c

Cr/Dr Forex loss/gain a/c

[Former Member]

Hello

There is no difference both are same, only the difference is revarsal posting happens next year in the case of year end

otherwise process everything is same.

Thanks

Kameshwar Rao

[Former Member]

Thank you for your interests,friends..