Create Journal Entries Manually for Invoice Revaluation Adjustments

Before generating the journal entries, if a previous revaluation exists for the selected invoices, and if the latest journal is an accrual journal, then the next revaluation must post the exact opposite of these journal entries, that is, the journal is reversed. New journal entries are then created.

Security Note: You need the Allow the user to create journals (Revaluation) security right in the Accounting user group security rights group for this activity.

Activity Steps

1. Open the Revaluation.
2. Ensure that the revaluation is locked. See Lock an Invoice Revaluation.
3. Select the Journals tab.
4. Complete the following fields.
   • Date Creation Method—Select from:
     • Actual Date
     • Fixed Date—Enter a Fixed Date.
     • Revaluation Date
   • Journal Reversal Method—Select from Full Reversal and Incremental. Default: As specified on the Sales and Marketing tab of the Options screen.
   • The Display Method is All Entries for invoice revaluations. MineMarket displays the journal entries from all items in a journal group, grouped by district. Selecting individual rows in the journal group has no effect on the displayed journal entries, which are for the whole journal group.
5. Right-click in the Journals table and select Create Journal from the menu.

   MineMarket creates a journal group and journal entries for accounts with configuration matching the invoice revaluation adjustments.

   Note: If the journal entries cannot be created, the Errors sub-tab displays details of the problem. After correcting the chart of accounts configuration, re-create the journals. See Charts of Accounts.

6. Click Save.