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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / AR/AP closed transacti...
Microsoft Dynamics AX (Archived)

AR/AP closed transaction revaluation

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Posted on by MinJan 298

Hello AX experts,

I have a question related with currency revaluation in AX. For example, end users did not notice that currency import does not work. Let's assume, they have been working like this for a whole month (posting PO, SO, payments, making settlements you name it). The exchange rate import have been fixed and latest exchange rates are present in AX. How to reevaluate closed transactions which used incorrect exchange rate? I know that AR/AP foreign currency revaluation adjust only open balances and GL revaluation makes adjustment only in GL account itself.

Thank you,

Mindaugas

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  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi Mindaugas,

    AX won't reevaluate closed transactions. If there is no open position, there is nothing that needs to be revalued.

    I would not recommend that you open those positions again to get them revalued in order to get a un-realized profit/loss calculated that will be reversed at the time when you settle those positions. This might only work if you have a couple of positions that are affected. If there are many you have to take utmost care of the date when you reverse the settlement and when you do it again to get the correct currency gain/loss calculated. The risk that something goes wrong is very high in this case.

    If you have large foreign currency effects that need to be considered in your financial statements better try to calculate the effect FX-effect outside of AX (for example in Excel) and create a manual adjustment posting in a GL Journal.

    Hope this helps.

    Best regards,

    Ludwig

  • MinJan Profile Picture
    MinJan 298 on at

    Hi Ludwig,

    Thank you for your reply. Indeed, this problem has been solved by recalculating FX effect outside of AX and posting differences observed  using GL journal.

    Kind regards,

    Mindaugas

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