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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Currency USD not allow...
Microsoft Dynamics AX (Archived)

Currency USD not allowed for account CB-SAR-025

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Posted on by Rana Anees 1,813

Hii,

In our Cash and Bank Management module we have a bank account CB-SAR-025. Its currency is SAR. 

In a transaction we want to pay from bank in USD currency. When we select currency USD and try to post it gives infolog "Currency USD not allowed for account CB-SAR-025".

Cant we post in multiple currencies?

What could be the solution?

Thanks and Regards,

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I have the same question (0)
  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi Rana Anees,

    If you open your bank account then there is a Special Parameter allow multiple currencies.

    If this one is activated you can also record Transactions in other currencies.

    Best regards,

    Ludwig

  • Rana Anees Profile Picture
    Rana Anees 1,813 on at

    Thanks Ludwig Reinhard,

    I got your direction. One more clarification. For two years we have transactions in SAR in this bank. Now if we change to multi-currency, is it a good practice? Will it not affect on reports, bank reconciliation or something else? Is it a recommended thing?

    Thanks,

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi Rana Anees,

    Foreign currency transactions and revaluations in relations to bank accounts is always an issue because the standard bank module does not include a foreign currency revaluation functionality for each and every country. This feature can however be made generally available and then it should be ok. For details, see: dynamicsax-fico.com/.../foreign-currency-revaluation-cash-and-bank-management-module

    Best regards,

    Ludwig

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