Foreign Currency Translation - Closing Rate Method Excluding Prior Period

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Posted on by mheff31

Hello,

I am using Business Central to translate a foreign subsidiary's currency to USD. I have a separate company to perform the translation in and I am then using a separate system for the consolidation after the translation in Business Central is completed. I am running the translation for the first time since we went live with Business Central on 1/1/23.

For the asset and liability accounts set to "Closing Rate" for the consolidation translation method the system is excluding the transactions from the most recent prior period when revaluing the balance to the current closing rate. I have entered the exchange rate used at 12/31/22 before the cutover to Business Central as the last exchange rate used and the current closing rate as the closing rate.

Below is the G/L detail for one of the effected accounts that illustrates my issue. I appreciate anyone's help here as I need to get my quarter closed.

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Dynamics 365 Business Central

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Andy Sather Microsoft Employee on at

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Hello,

If you don't get further responses to this issue, you may want to raise a support request to Microsoft support via your CSP / Partner.

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