web
You’re offline. This is a read only version of the page.
close
Skip to main content

Notifications

Announcements

No record found.

News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Management Reporter Cu...
Microsoft Dynamics GP (Archived)

Management Reporter Currency Translation

(0) ShareShare
ReportReport
Posted on by Community Member

I have a client that uses MR. She is running a balance sheet with two columns. One in the functional currency of Euro's and another that should be displayed as USD. The Euro column is pulling in the correct figures. In the USD column, all accounts are translating correctly except for the Retained Earnings accounts. I have already check the exchange rate tables and can't seem to find a reason why every other account makes the correct jump from Euro to USD, but RE is off by a large margin. Any help is appreciated. The client is on GP 2013, SQL 2012 and MR CU11.

*This post is locked for comments

I have the same question (0)
  • Verified answer
    Redbeard Profile Picture
    Redbeard 12,931 on at

    According to KB Article 2986068

    The Historical translation method is an exchange rate based on the transaction date. If a rate is not entered for the transaction date, the rate used is the previously entered rate closest to transaction date.

    The Historical translation type is typically used with non-monetary assets such as inventory, fixed assets, long term liabilities or equity/retained earnings.

    Also there was/is a problem with currency translation and retained earnings, which may or may not have been fixed with the CU11 release.  Here is a link to an article which references the issue.

    amllpdynamics.blogspot.com/.../retainedearningscurrencytranslationmanagementreporterDynamicsGP.html

  • Community Member Profile Picture
    Community Member on at

    Thanks for the quick response, Harry, I really appreciate it.

    Outside of exporting to excel and doing the translation manually with the correct exchange rates, does anyone have any other suggestions for potential workarounds?

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Responsible AI policies

As AI tools become more common, we’re introducing a Responsible AI Use…

Neeraj Kumar – Community Spotlight

We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…

Congratulations to the November Top 10 Community Leaders!

These are the community rock stars!

Leaderboard > 🔒一 Microsoft Dynamics GP (Archived)

#1
mtabor Profile Picture

mtabor 1

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans