Good Morning,
I have a question regarding multi-currency transactions.
I have various bank accounts that are held in various currencies (USD, CAD, Euro, etc) and I do many transfers between these accounts on a regular basis through my online banking however GP only allows you to transfer money between two chequebooks that have the same originating currency or if one account uses the functional currency. While I understand the principal around this from a system perspective, is there any way to transfer funds between these accounts, any workarounds that others have found for this issue?
Does anyone know if there is a third party product that allows for multi-currency bank reconciliation of this nature, as we also have a credit union account that allows us to hold various currencies in it.
Thank you
Lonnie
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As far as I know, some financial platforms allow transferring money internationally without any charges and hassle-free. For example, I've used Genome for this - https://www.genome.eu/
The US version of Dynamics GP currently does not support Multi-currency bank transfers. You can do this via the Cashbook Management module, which is a true bank management solution available to all other Dynamics GP markets (UK, Canada, Australia, etc.). You probably will need to get in touch with your partner to see if they can get it for you.
https://www.microsoft.com/en-us/download/details.aspx?id=36062
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