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1,579I have a D365 BC company configured with base currency of EUR.
The company has bank accounts in many different currencies such as:
Likewise, the company has vendors who invoices them in multiple currencies such as:
As a result, the company would like to have separate A/P Accounts for each currency.
Then, when an invoice comes in from a vendor, it posts to the A/P Account for that specific currency.
Similarly, the company has customers who expect to be invoiced in their desired currency, and who will then pay in that currency.
As a result, the company would like to have separate A/R Accounts for each currency.
My Questions are as follows:
Assuming the answer to # 1 above is “yes”, the following questions become relevant.
The company has bank accounts in many different currencies such as:
- Bank Account for GBP
- Bank Account for CHF
- Bank Account for USD
- Bank Account for EUR
Likewise, the company has vendors who invoices them in multiple currencies such as:
- Vendors whose base currency is GBP and who invoice in GBP
- Vendors whose base currency is CHF and who invoice in CHF
- Vendors whose base currency is USD and who invoice in USD
- Vendors whose base currency is EUR and who invoice in EUR
- Etc.
As a result, the company would like to have separate A/P Accounts for each currency.
- A/P Account for GBP
- A/P Account for CHF
- A/P Account for USD
- A/P Account for EUR
- Etc.
Then, when an invoice comes in from a vendor, it posts to the A/P Account for that specific currency.
Similarly, the company has customers who expect to be invoiced in their desired currency, and who will then pay in that currency.
- Customers whose base currency is GBP, will be invoiced and will remit payment in GBP
- Customers whose base currency is CHF, will be invoiced and will remit payment in CHF
- Customers whose base currency is USD, will be invoiced and will remit payment in USD
- Customers whose base currency is EUR, will be invoiced and will remit payment in EUR
- Etc.
As a result, the company would like to have separate A/R Accounts for each currency.
- A/R Account for GBP
- A/R Account for CHF
- A/R Account for USD
- A/R Account for EUR
- Etc.
My Questions are as follows:
- Is this Account Architecture Possible in D365 BC? I assume it is but would like official confirmation that “yes” it is.
Assuming the answer to # 1 above is “yes”, the following questions become relevant.
- What is the mechanism that causes a bill from a GBP vendor/supplier, to post to the A/P Account for GBP?
- What is the mechanism that causes a bill from a CHF vendor/supplier, to post to the A/P Account for CHF?
- What is the mechanism that causes a bill from a USD vendor/supplier, to post to the A/P Account for USD?
- What is the mechanism that causes a bill from a EUR vendor/supplier, to post to the A/P Account for EUR?
- What is the mechanism… etc.…?
- What is the mechanism that causes an invoice to a GBP customer, to be issued out of the A/R Account for GBP?
- What is the mechanism that causes an invoice to a CHF customer, to be issued out of the A/R Account for CHF?
- What is the mechanism that causes an invoice to a USD customer, to be issued out of the A/R Account for USD?
- What is the mechanism that causes an invoice to a EUR customer, to be issued out of the A/R Account for EUR?
- What is the mechanism… etc.…?
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