Business Central forum

Bank Balance LCY is calculation wrongly

(0) Share

Report

Posted on by Sam L

The currency table appears to have changed and is applying the exchange rate the wrong way round.

Example below

Bank accounts -

HSBC USD @ 31/10 Balance $13,781.74 Balance LCY £15,236.23

Based on the current exchange rate in the system for 30/09 (revaluation for October still to be run) the LCY should be £12,415.98 i.e $13,781.74/1.11 the system now seems to be multiplying the rate instead ($13,781.74 * 1.11)

Can this please be looked into and resolved. As we are currently working through our month end it would be appreciated if this could be prioritised.

This is an issue we have never encountered before, could this be due the to the recent system updates?

Categories:

Financial Management

All responses (2)

Answers (0)

Suggested answer

YUN ZHU 69,612 Super User 2024 Season 2 on at

Like (0)

Report

RE: Bank Balance LCY is calculation wrongly

Same question: (+) Bank Balance wrongly calculated LCY amount - Microsoft Dynamics NAV Forum Community Forum
Suggested answer

Inge M. Bruvik 32,744 Moderator on at

Like (0)

Report

RE: Bank Balance LCY is calculation wrongly

If you think there is a bug in the system you should contact your partner and have them open a support ticket with Microsoft for this case.

I have not seen this behavior, so I would also recommend you check your currency and exchange rate setup.

Also check for direct postings to the G/L accounts used in your Bank posting groups.