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Microsoft Dynamics GP (Archived)

Management Reporter Currency Translation

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Posted on by Community Member Microsoft Employee

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.

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  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Management Reporter Currency Translation

    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?

  • Verified answer
    Redbeard Profile Picture
    Redbeard 12,931 on at
    RE: Management Reporter Currency Translation

    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

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