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Dear
Is there a Microsoft KB somewhere that clearly states that Dynamics GP can't process a bank transfer from one Foreign Currency to another without passing through the Functional Currency.
I am trying to find a Microsoft KB that clearly states that, your feedback is greatly appreciated
Regards
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Hi again,
Here's the authoritative rule directly from the Microsoft documentation:
"Transferring funds between checkbooks
Use the Bank Transfer Entry window to transfer funds from one checkbook to another. The default transfer number for each transaction increments from the previous number, and the three-letter code is based on your selections in the Bank Reconciliation Setup window. You can use duplicate transfer numbers.
To transfer funds, both checkbooks must be assigned the same currency, or one checkbook must be assigned to the functional currency. The multicurrency transfer date and currency ID determine the exchange rate for transfers. "
Kind regards,
Leslie
Hi Abdo,
I don't know about any KB article that addresses this specifically, But the rule is: You can transfer between accounts with the same foreign currency or you can transfer between a foreign currency and the functional currency. That's how bank transfers and multicurrency works in gp.
If your functional currency is USD:
You can transfer from EURO to EURO
You can transfer from EURO to USD
You can transfer from USD to EURO
You cannot transfer from EURO to AUD
You cannot transfer from AUD to EURO
That's just the way it is. If you try to transfer between currencies, you will be greeted with the error message below:
Kind regards,
Leslie
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