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Differences between the Default currency and the foreign currency in trial balance

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Posted on by CU26112018-0

We have a number of foreign companies where the local currency is foreign and the additional currency is USD. We have not been able to figure out how to adjust the exchange rate for the balance sheet items at year-end. This causes problems when we close a company because there is no balance remaining in the foreign currency, but there are still USD amounts due to the different exchange rates used over time. Do you know how we can adjust the USD amount on balance sheet items in these foreign companies so that they equal zero when the foreign currency amount is zero? Currently using Navision VS13

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CU26112018-0 20 on at

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Differences between the Default currency and the foreign currency in trial balance

I have done some research and I see on the GL Account in the Reporting section that "No adjustment" was selected in the Exchange Rate Adjustment field. Also in GL Setup "No Adjustment" on reporting is selected.

So, if I run the exchange rate adjustment batch job will it still correct the balances?
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YUN ZHU 73,472 Super User 2024 Season 2 on at

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Differences between the Default currency and the foreign currency in trial balance

Hi, you can try the Additional Reporting Currency feature.

More details:

https://paulsenconsult.com/implementation/additional-reporting-currency

https://learn.microsoft.com/en-us/dynamics365/business-central/finance-how-setup-additional-currencies?wt.mc_id=DX-MVP-5004336

Hope this helps.

Thanks.

ZHU
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gdrenteria 12,167 Most Valuable Professional on at

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Differences between the Default currency and the foreign currency in trial balance

Hi

If I understand correctly, I'm sure this can help you. If not, I'm sorry.

https://learn.microsoft.com/en-us/previous-versions/troubleshoot/dynamics/nav/how-adjust-exchange-rates-affects-posted-entries-beyond-specified-date-range

https://usedynamics.com/business-central/finance/exchange-rate-adjust/

Best regards

Gerardo

Differences between the Default currency and the foreign currency in trial balance

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