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Automated Accounting Part 10, Foreign Currency Translation & Reval in a Consolidation Company

#D365 #Setup #CurrencyTranslation #CurrencyRevaluation #TransactionCurrency #AccountingCurrency In a previous blog we talked about posting foreign currency transactions. Automated Accounting Part 9, Foreign Currency Transactions ( Today we are looking at different angle. We are posting domestic transactions in a foreign legal entity (CAD in a Canadian legal entity) and consolidating them into a USA legal entity. To do this we are going to automaticall

Automated Accounting Part 9, Foreign Currency Transactions

#D365 #ERP #Setup #CurrencyRates #TransactionCurrency #AccountingCurrency Our goal today is to post transactions in a foreign currency and automatically record the exchange rate on a transaction. D365 can process transactions in any currency. Voucher lines will display two currencies: Amount in transaction currency Amount (Amount in accounting currency) Both currencies are synchronously reported on posted transaction voucher lines. 1. Exchange Rate Types Create a default Exch

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