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According to the Tax Procedure Law, it is mandatory to carry out exchange rate valuation at the end of each provisional tax period. In foreign currency transactions, if there are exchange rate changes between the transaction date and the date of payment or collection, an exchange rate difference will arise. This exchange rate difference must be reflected in the income or expense accounts. If the transactions made during the valuation process are closed within the same period, the entire exchange rate difference is accrued within that period. However, if the transaction and the closing period are different, the exchange rate difference in each period must be accrued in the relevant period. In W3 rediscount transactions; In receivable bills or checks, credit is written to the accounting code entered in the rediscount accounting code field. Debit notes or checks will also be debited to the relevant account. If the rediscount amount calculated at the end of the period is an expense, it should be reflected to the relevant account as income at the beginning of the period, and the income should be reflected to the relevant account as an expense at the beginning of the period. Rediscount transactions should be made for all receivables and all payable bills.

To explain the subject with an example;

Let's assume that we made a sale of 10,000 USD on April 12, 2016. On this date, 1 USD = 2.80 TL. The maturity of the invoice in question is 15 days and when 10,000 USD payment is received at the end of the maturity, there will be an exchange rate difference since the exchange rate is 1 USD = 3 TL. 2,000 TL is exchange rate difference income and this is reflected in the foreign exchange profits accounting account. The accounting transactions of the transactions will be as follows.

According to the Tax Procedure Law, banks and insurance companies must be subject to rediscount. There is no obligation for businesses other than this. The process of converting the written value on the promissory note receivables and promissory note debts that are not yet due at the end of the period into real value is called rediscount. The rediscount rate can be determined on the bill. If this rate is not specified, the Central Bank rediscount rate valid on the valuation day will be valid.

How is the rediscount amount calculated?

Rediscount Amount = [Nominal Value * Interest Rate * Number of Days] / [36.000 + (Interest Rate * Number of Days)]

To explain the subject with an example;

31 December In 2016, there is a note receivable in our portfolio with a nominal value of 50,000 TL, with a maturity of 11 March 2017, with a 20% interest approval. The transactions to be carried out at the end of the 2016 period are as follows.

Discount Amount = [50,000 * 20 * 70] / [36,000 + (20*70)]

= 1,871.65 TL

Valuation and Rediscount Functions

Exchange rate valuation transactions
Check and bill rediscount transactions
Reduction of undue checks or bills to their real value on the valuation day
Stage-based rediscount transactions
Rediscount transactions in three currencies
Ability to perform exchange rate valuation transactions in three currencies defined in the system

In order to perform transactions in the Valuation and Rediscount module, you must have authority in the module and transaction categories.

Authority Groups

Control Panel > System > Security > Authorization Groups

In order to operate in the Budget module, the user must first have authority to the Valuation and Rediscount Module under Finance Accounting in the Authorization Group to which the user belongs. If the user needs to see the Valuation and Rediscount reports in the Standard Reports outside the module, the Report User box should also be checked.

Hint: For detailed information about the Authorizations, you can review the Authorization Groups document.

Transaction Categories

Path:Control Panel > BPM > Transaction Categories

In order to manage budget transactions, first the transaction categories of the module are defined. Transaction categories enable the transaction you have made to perform background operations such as current, accounting and budget.

Transaction categories used in Budget Management

Rediscount Transaction

Before Use

General settings are checked.
- Company definitions
- Company flow parameters
- FAB definitions
- Accounting account definitions
Parameters are entered.
Transaction categories is configured.
Authorities are granted.
- Module Authorizations
- WO - Page Authorizations
- Record Restrictions
- Company Authorizations
- Branch Authorizations
- Fiscal Year - Period Authorizations
- Transaction Categories Authorizations
XML settings are made.
Page designer is edited.

Valuation & Rediscount Job Functions and Implementation Steps

Modülü %100 kullanmak için aşağıdaki implementasyon adımlarının tanımlanması ve set edilmesi gereklidir.

Exchange Valuation Transactions | Account,Page Settings / account.account_card_rate_valuation Xml Setup Wiki

Kur, Yabancı döviz para birimlerinin ulusal para cinsinden değeridir. Muhasebe kur değerleme işlemlerini otomatikleştirmek ve raporlamak için entegre bir şekilde çalışır. Günlük, ortalama ve tarihsel kur olmak üzere 3 farklı şekilde yapılabilir.

Rediscount Transaction,Transaction Category / settings.list_process_cats Process Cat Wiki

Bu sayfanin cf_big_list_search'ü olusturulmustur.

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