How "Appln. between Currencies" really works?

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Posted on by MahGah

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In both Sales & Receivable and Purchase & Payable setup page we have "Appln. between Currencies" . I read the below article but still do not know how this works.

Let say we created sales order for USD and client paid in CAD. Now how we can apply CAD to this sales order?

Thanks

learn.microsoft.com/.../finance-how-enable-application-ledger-entries-different-currencies

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CU10120504-0 27 on at

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How "Appln. between Currencies" really works?

@YUN ZHU Hello, Yun. You showed how to enable Appl.Between.Different currencies. Could you please teach me what's journal entries for transactions in different currency than Invoice currency? i.e when invoice is in USD and they pay us in EUR...
Thank you
MahGah 15,437 on at

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RE: How "Appln. between Currencies" really works?

Thanks Mr Zhu
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YUN ZHU 81,550 Super User 2025 Season 1 on at

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RE: How "Appln. between Currencies" really works?

Hi, just a simple example

Invoice: USD

Payment: CAD

If "Appln. between Currencies" is none,

Because it is not the same currency, the following error will appear.

All entries in one application must be in the same currency.

The default option "All" does not have this problem.

As for the last option EMU, you can choose which currencies belong to EMU in Currencies page, and these currencies can be applied to each other.

Hope this helps.

Thanks.

ZHU
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Jun Wang 7,689 Super User 2025 Season 1 on at

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RE: How "Appln. between Currencies" really works?

you need to setup currencies involved in the transaction to enable NAV use the exchange rates. for example, LCY is USD, NAV will grab the exchange rate set between usd and cad, then do the exchange conversion automatically. There is some setup for multi currency to work. Using the previous example, user needs to set up currency card for CAD.

here is more detailed reference for multi currencies.

learn.microsoft.com/.../