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How do I perform FX revaluation on the transactions posted directly to G/L accounts (no subledger)

Posted on by 47

Hi community,

I am trying to explore and find the best possible way to perform FX revaluation for transactions that are posted directly to G/L accounts using General Journals and IC General Journals. It seems like there is no way to process this through any system functionality. Can it only be done manually?

Also, if there are any extensions that exist that can do this and fairly easy to implement?

Thanks!

  • Asfand Yar Profile Picture
    Asfand Yar 47 on at
    RE: How do I perform FX revaluation on the transactions posted directly to G/L accounts (no subledger)

    Hi Gavin,

    That is quite unfortunate. I will check out the idea and upvote it.

    Thanks,

    AY

  • Verified answer
    Gavin Profile Picture
    Gavin 2,339 on at
    RE: How do I perform FX revaluation on the transactions posted directly to G/L accounts (no subledger)

    Hi,

    Unfortunately the FX amounts aren't stored on the GL Entries (except for the reporting currency which is different) so you can't revalue at a GL level without it being a Customer, Vendor or Bank Account. (as its the Customer Ledger Entries, Vendor Ledger Entries and Bank Account Ledger Entries that are used for revaluation and LCY adjustments posted to the GL)

    I think there is a Microsoft idea to implement this though as its available in other Microsoft Dynamics products like Dynamics GP.

    Hope this helps.

    Thanks

    Gavin

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