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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Alternative currency f...
Small and medium business | Business Central, N...
Suggested Answer

Alternative currency for VAT entries

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Posted on by BG-18111529-0 38

Hi everyone,

I’m aware that multiple VAT registrations for customers were introduced in v25. However, we also need to solve this for the company itself.

Here’s our scenario:

We’re a single business entity with one Business Central company, but we have multiple VAT registrations. For example, we have a Czech VAT number (CZ) and also a Slovak VAT number (SK), because we do business in both countries.

We submit one VAT return in the Czech Republic using the CZ VAT number, and a separate VAT return in Slovakia using the SK VAT number. In Business Central, we know how to separate VAT by jurisdiction, and we can run the Tax Report once with the CZ VAT number and then again with the SK VAT number. So far, so good.

The issue appears when it comes to currency.

VAT entries are stored only in the accounting currency — in our case CZK. But for the Slovak VAT return, we need those entries in EUR. The Additional Reporting Currency feature doesn’t help here because VAT entries themselves don’t store the reporting currency amounts.

So my questions are:


  • Is support for VAT entries in an alternative currency on the product roadmap?

  • Or is there any standard way to achieve this in Business Central today?


    •  

Thanks in advance for any guidance or confirmation.

Categories:
Dynamics 365 Business Central
I have the same question (0)
  • AndrewThomas81 Profile Picture
    AndrewThomas81 82 on at
    ACY value and calculation is only designed for reporting
     
    Are all the transactions for the Slovak VAT return in EUR or a mixture of currencies?
  • Suggested answer
    Pallavi Phade Profile Picture
    Pallavi Phade 5,028 Super User 2026 Season 1 on at
     
    We have not implemented this . I m just thinking aloud .
     
    Requesting you to verify all scnearios and do the needful in sandbox and prcoeed 
     
    Proposed Solution 
    1)Create two additonal columns for base additonal currency amount  and Vat  Addtional Currency amount .
    2)If additonal reporting currency is implemented then use "Additonal Currency " Logic and calculate in VAT entires
    3) This you need to create script to populate the amount in VAT entries . You can also use values from GL entry. 
     
    Or 
     
    You can submit ideas to Microsoft . 
     
     
    Regards
    Pallavi Phade 

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