Small and medium business | Business Central, N...

Bank Balance and Balance (LCY) differences

(0) Share

Report

Posted on by Kelvin Muchirewesi

Can you please assists with interpreting this figures, My Bank Account Balance is shown in positive (to me signal inflow) but the system is showing the same amount in Balance (LCY) in negative as shown below:

Isn't that Balance (LCY) must be in positive as the Balance in bank currency?

I have the same question (0)

All responses (2)

Answers (0)

Sort by

Suggested answer

IB-29041624-0 1,191 Moderator on at

Like
a
(0)

Report
Copy link

Link copied!

Maybe you have one or more transactions where you have used a currency exchange rate that is way off?

I would start by looking at transaction level to see if you can find any transactions that sticks out.

1 people found this reply helpful.

Was this reply helpful? Yes No
Suggested answer

Community Member on at

Like
a
(0)

Report
Copy link

Link copied!

Kelvin,

Balance (LCY) or Balance Local Currency of the Company. Balance = the Bank Accounts Balance in the Currency Code, if different from LCY. For example, the Bank Account could be EURO and Bank Account Balance LCY could be USD.

To understand the difference is to first know what your Company LCY currency is and then what the Bank Account Card Currency is. You can also see each posted entry Amount and Amount $ (LCY) that has been posted by looking at the Bank Ledger Entries. Here is an example:

and here is Bank Ledger Entries:

Hope this helps.

Thanks,

Steve

Was this reply helpful? Yes No