RE: Foreign Currency Exchange - Realized and Unrealized Gains and Losses
Hi,
To set up the currency you need to search for “Currencies”, the system will open a new page and you need to insert all the currency that you will work, and the respective account that the system will post on Gain or Losses.
And then, you have two options, to set up the exchange rates:
1. Manually: Set up Exch. Rates, on the ribbon Actions > Exch. Rates
2. Automatically: Set up Currency Exchange Rates, on the ribbon Exchange Rate Service > Exchange Rate Services
Here a step by step to help you with more detail how to use the currencies on Business Central:
docs.microsoft.com/.../
With this setup you are able to post an invoice with other currency, you just need to guarantee the follow situation:
1. The system will use the currency set up for the date of the invoice
2. The system will automatically post the realized gain or loss when you will apply the document on the date of the applied.
3. If you have open entries, you can use the job Adjust Exchange Rate, to update the currencies unrealized gain or loss. Find below all the step necessary:
docs.microsoft.com/.../finance-how-update-currencies
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