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Translation Gain/Translation Loss accounts

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Posted on by Jun Wang

7,443 Super User 2024 Season 2

In D365BC, we want to run the translation of a company TB to prepare for reporting in a different currency, as described in FAS 52. When this process is run, using different exchange rates for different accounts, the posting of the difference (gain/loss) needs to be to an account 'Translation Gains/Losses.' Where do we specify in D365BC what account should be used for the Translation Gains/Losses? There are no Translation Gain/Translation Loss accounts on the 'Currencies' page. Please advise.

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gdrenteria 12,290 Most Valuable Professional on at

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Translation Gain/Translation Loss accounts

Hi

As our colleague Yun indicates, in Business Central the exchange rate adjustment functionality, here I attach the information so you can check if it is what is required.

Adjust exchange rates in Dynamics 365 Business Central - Training | Microsoft Learn

Update currency exchange rates - Business Central | Microsoft Learn

Best

GR
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YUN ZHU 74,036 Super User 2024 Season 2 on at

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Translation Gain/Translation Loss accounts

As far as I know, there is no concept of Translation Gain/Translation Loss in BC.

You can test the accounts you need on the Currency Card. If it does not meet your needs, you can submit your idea to Microsoft.

Missing a feature? Post or vote for ideas on: aka.ms/BCIdeas

Thanks.

ZHU