Dynamics Community Forum Thread Details

Foreign currency on Checkbook ID

Hello,

I have a company database with Functional Currency = EUR and Reporting Currency = USD.

We have two checkbook IDs: DISBURSMENT and SAVINGS. I'm trying to set this up so that my SAVINGS account balances are in USD and the DISBURSEMENT is in EUR. The DISBURSEMENT account is used for making vendor payments.

A few questions:

1. If my functional currency is already EUR, how can I make this setup for my SAVINGS checkbook ID so I can record the cash balances in the Savings account to be USD?

2. If I can make the setup, how does GP handle the process when I make a Bank Transfer from SAVINGS (USD) to DISBURSEMENT (EUR) and record the gain/loss?

3. When would it use the Financial Offset Account from the Currency account setup window on a revaluation (this may not be related question to this checkbook, but I'm not sure)

Please advise.

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