Aged Accounts (AR and AP) Revaluation Module for OpenERP

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This module revaluates the aged receivables and payables denominated in foreign currencies according to the exchange rates at a selected date using either the Unrealised or Realised logic of aged revaluations.

For unrealised model:

• The wizard will take the month end open invoices and compute it into the base currency balance at the selected day exchange rate.
• Upon confirmation the wizard will post the exchange rate difference journals to the relevant revaluation account as selected in the model's settings. The exchange revaluation history will be kept in a separate view with the option to cancel certain transactions if needed providing adequate permissions are given to the operator.
• This wizzard will normally be run as at the last day of each month and then immediatelly after that, the reversing entries are created as at the first day of the next month.

For realised model:

• The wizard will take the month end open invoices and compute it into the base currency balance at the selected day exchange rate.
• Upon confirmation the wizard will post the exchange rate difference journals to the relevant revaluation account as selected in the model's settings. The exchange revaluation history will be kept in a separate view with the option to cancel certain transactions if needed providing adequate permissions are given to the operator.
• When payment is issued against a certain of these invoices, the ex diff difference is automatically written of to the revaluations account as required.