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Multi Currency Code for Bank in General Journal

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Posted on by 295

My local currency SGP.

Can I set up a Bank Account which can apply SGP or USD in General Journal ?

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  • Hoang Ng Profile Picture
    Hoang Ng 295 on at
    RE: Multi Currency Code for Bank in General Journal

    Thanks Bruvik. You are right

    When I create new Bank and leave currency be blank, you can choose any currency code in Payment Journal.

  • Suggested answer
    Inge M. Bruvik Profile Picture
    Inge M. Bruvik 32,748 Super User 2024 Season 1 on at
    RE: Multi Currency Code for Bank in General Journal

    If you setup a bank account in Business Central with a specific currency code other then your local currency then you can only do transactions to that bank account in that assigned currency.

    If you have a bank account in your local currency then that bank account will accept transactions in any currency because the balance of the account will constantly show in local currency and the transactions will always be posted using a currency rate.

    You can define as many bank accounts as you want. It is not uncommon for a company to have different bank accounts for different currencies in addition to the bank accounts in LCY.

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