How can the functional currency and reporting currency be changed

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Posted on by daxin

How can the functional currency and reporting currency be changed when there are a few GL journals in the history? What is recommended on this? Thanks!

ax 2012 r3 cu11

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daxin on at

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Thank you, yes I get that. I know there are workarounds though. I did find this on accounting currency conversion and there is also one for reporting currency conversion. However I do not know much about these. The transactions are reversed. The trial balance for the ledger entries are all $0 so there is nothing in the system but needing the change of accounting and reporting currency.

technet.microsoft.com/.../aa551602.aspx

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Ludwig Reinhard Microsoft Employee on at

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Hi cvandy23,

You found the correct standard features that help you with this conversion. If you are not sure how to use them and what they are doing, test them in a demo system first.

What I am interested in is why you need to convert the currencies? Have they been mixed during setup or ...?

Best regards

Ludwig

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daxin on at

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Yes, has anyone used this before that can provide any feedback?

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daxin on at

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or if SysDatabaseTransDelete Class is just best? There was only 3 ledger transactions and that's it. They were reversed, so perhaps this is the cleanest. They do not wish to keep those transactions anyways. I understand the impact of this on the LE transactions, however I have not used this before so any feedback is appreciated. Thanks!

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April Olson on at

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Hi,

You do need to use the System currency conversion for both reporting and accounting currency. Unfortunately, this is not well documented or easy to use but we do have customers that use it.

All your inventory and sub modules need to be all closed out, and its an incredibly long running processes because it does touch the transactions.

When you use it, make sure to allow a lot of processing time, and you need all the automatic accounts setup, such as rounding differences for accounting and reporting currency conversions.

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Community Member on at

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Hi, sorry for coming in a bit late in the conversation... if you convert company currency via the standard company currency conversion tool, will the transactions also in closed previous fiscal years be revauled to the new company currency? It feels like it should only convert the transactions in the current fiscal year (if you change in the middle of the year) and all balances in not yet closed stock, AR/AP ledgers etc. But I get very uncertain...Thanks in advance!

Kind regards

Christopher Grahn

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