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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Define Auto Exchange R...
Finance | Project Operations, Human Resources, ...
Suggested Answer

Define Auto Exchange Rate for Sales and Purchases

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Posted on by Avinash Subramanaya... 12
Hello Forum,
 
Below are the current setup.
 
we have configured exchange currency type and assigned exchange rates for the same as per rates from RBI. we have 2 different rates for sales and purchase(export & Import). For sales and purchase the value is calculating from default rates.
 
for sales we application is taking from default which is some how ok, on purchase currently we are adjusting manually for each invoice be adding exchange rate at invoice level.
 
Requirement :
 
Application has to take purchase exchange rate automatically once the GRN and invoice(import) is posted based on the rates provided in masters for import rates.
 
Let me know if this is can be done in std environment.
 
Regards
Avinash S
  • Suggested answer
    BillurSamdancioglu Profile Picture
    BillurSamdancioglu 21,418 Most Valuable Professional on at
    Unfortunately you can not do this OOB, you need to make a customization. You may create a suggestion on Ideas Portal.
  • Suggested answer
    Abhishek Verma Profile Picture
    Abhishek Verma 47 on at
    HI Avinash, 

    If this requirement is for India, it can be accomplished by simply defining the exchange rate type in the ledger setup under the "Custom import and Export exchange rate type" field

    It works when a legal entity has received invoices in foreign currencies; the foreign currency must be converted into the local currency. This requires up-to-date exchange rates for different currencies as per custom or bill of entry

    If the requirement is for other countries apart from India, then it is not possible in the standard application. Customization is needed to meet your customer's requirements in this case

    Best Regards,
    Abhishek V
     

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