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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Is there a way to appl...
Microsoft Dynamics GP (Archived)

Is there a way to apply cash receipts posted to a national account that is not in our functional currency?

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Posted on by Leigh-Ann Gale 130

Hello,

We have a national account which has hundreds of child companies and they pay all their child company invoices on one check every two weeks.  This customer is a US customer and our functional currency is CAD.  Although we can post a cash receipt to a Canadian national account and apply it to the child accounts attached to it we are not able to do this with the US national account.  This forces us to enter multiple cash receipts for one cheque.  Should we be able to post a cash receipt to a US parent and apply it to the US child accounts?  We are currently on version GP10 but upgrading to GP 2010.

Thank you,

Leigh-Ann

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  • Suggested answer
    soma Profile Picture
    soma 24,410 on at
    RE: Is there a way to apply cash receipts posted to a national account that is not in our functional currency?

    In GP 10, we can apply cash receipt to below type of transactions through Apply Sales Document window(Transactions-->Sales-->Apply Sales Documents).

    For the below case,  CAD is the functional currency.

    1. Functional Currency Cash Receipts(CAD) to Functional Currency Documents(CAD).

    2. Functional Currency Cash Receipts(CAD) to Originating Currency Documents(Any currency).

    3. Originating Currency Cash Receipt(USD) to Same Originating Currency(Only same originating USD).

    Note: In GP 2013, we can apply all the above mentioned documents in Cash receipt window. But, earlier to the GP2013, we can't apply all the above in cash receipt window(except first method). We can do only in Apply Sales Documents window.

    Hope this helps!!!

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Is there a way to apply cash receipts posted to a national account that is not in our functional currency?

    Hi, unfortunately I don't have the answer, but the same question.

    Without being able to apply payment in a foreign currency there is no benefit for us to use National Accounts.

    Did you ever receive, or figure out a solution, to this situation? If not, I hope my comment results in some help for us.

    Thanks,

    Sarah

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