Revaluation in System Currency

[Alan_Rossiter]

Hi.

I have a client who has a LC of TWD and a SC of USD. When running a stock revaluation of a standard costed item they wanted to use USD as the holder of that value. So if they revalue to USD 5.00 then this is what they want held as that value, not a conversion to TWD. Is this even possible?

The reason for this is to hold a value for the stock when transactions are typically in USD and not have to suffer FX rate differences between stock in values and eventual stock out values. Placing the LC to USD is not an option as Taiwan VAT reporting needs to use a LC of TWD and the reporting tool wil only deal in TWD.

Alan.

[Alan_Rossiter]

Hi.

No, I got no solution to this other than perform the FX rate at the time of revaluation to suit. Sorry I couldn't have been more helpful.

Alan.

[jolumurcia]

Hi Alan,

I've got exactly the same problem with a client. I was wondering if you managed to find a solution or workaround.

Thank you for sharing.

Joseph.