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Microsoft Dynamics GP (Archived)

Assess Finance Charges in originating currency - Multicurrency issue

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Posted on by Shady Kaaky 440

Why the system doesn't assess Finance Charge in originating currency?

When emailing customers their statement, they need to know their total balance including finance charges in originating currency.

Currently, when processing the asses finance charges the system automatically creates a batch that has a finance charge type transaction in originating currency.

My workaround is to maunally modify the transaction to reflect the originating amount before posting the batch.

Is there any other way or is it a limitation due to the credit limit being always in functional currency.

It seems that the ability to allow credit limits based on originating currency is a new feature coming soon in the next release.

thanks

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  • Shady Kaaky Profile Picture
    Shady Kaaky 440 on at
    Re: Assess Finance Charges in originating currency - Multicurrency issue

    Is there any solution to this in the near future? doesn't have to be based on transactions' currency.

    I understand that this can get complicated when a single customer do multi-currency transactions.

    Allow at least an option to calculate based on the customer card default currency.

    For now, workaround with manual conversion; certain customers (who do business in currency other than company database functional currency) won't accept to see charges on their statements that are not in their known currency.

    Thanks

  • David Bader Profile Picture
    David Bader on at
    Re: Assess Finance Charges in originating currency - Multicurrency issue

    Hi Shady,

    Thank you for submitting your inquiry to the Online Community.

    Unfortunlatey the current functionality of Microsoft Dynamics GP only calculates the Finance Charges in the functional currency of your company database. There is not a way to determine which currency the Finance Charge should be created in the Assess Finance Charge window (Routines | Sales | Finance Charge).

    I hope this information is helpful to you.

    Have a great day!

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