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Hi,
Adjust Exchange Rates in BC updates (Customers, Vendors and Bank), what if I have a specific GL account (deposits for example) that has foreign currency transactions, how can I revalue an account which is not a (Customer, Vendor or Bank)?
Thanks
Wael
We surrendered to that fact that no FX revaluation at the GL level in BC, we are kind of OK that all transactions we needed revaluation for were driven by either a customer or vendor movement, hence should be part of the revaluation if any of these values are o/s at the time of running the currency valuation.
Did you get a work around this? I have just spent 4 months migrating over from GP to BC and find at the very end of the project that BC does not revalue GL. I'm at a loss as to why it does not do it. It's a basic accounting principle. If it doesn't revalue GL accounts I think I'm going to have to scrap the whole thing.
Thanks Gert! I guess this might work too, I will give it a try.
You could set such GL Accounts up as a bank account with a bank posting group pointing to the GL Account for this exact reason.
Thanks a lot for your reply, this confirmed my understanding too.
I put a vote in place just in case this helps :)
Hi
I believe currently this is not possible. See the below idea for it.
Or the following app (as an example)
www.advantage.co.uk/.../general-ledger-foreign-currency-revaluation-module-for-business-central
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