Hello,
I have a company setup with the following currency information-:
Accounting Currency - CAD
Reporting Currency - USD
All my Vendor Invoices are in CAD and I don't have any other foreign currency transactions in this entity.
When I run my Foreign Currency Revaluation at the month end, I have foreign currency gain or loss getting posted for difference in Exchange rate based on my Reporting Currency which is USD.
According to my client, the system should not post any exchange gain or loss for Reporting Currency (USD) as that is actually a translation difference and not Exchange Gain or Loss.
I understand that if we had any Invoices posted in EUR of any other currency, then the system would revalue to new accounting currency rate Vs exchange at the time of accounting the Invoice and post the difference to Forex Gain or Loss Account.
Any thoughts here on D365F&O booking the Gain or Loss for Reporting Currency (USD) which actually is a kind of translation.
Narasimha.
