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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / What is Additional Rep...
Small and medium business | Business Central, N...
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What is Additional Reporting Currency used for and in what scenario do we need it?

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Posted on by joshtechsolutions 4,378
Hi Community,
 
May I know what is Additional Reporting Currency used for ? And in what scenario do we need it?
 
Thank you !
 
Categories:
Dynamics 365 Business Central
Dynamics 365 Business Central
Dynamics 365 Business Central
Dynamics 365 Business Central
  • Suggested answer
    Valentin Castravet Profile Picture
    Valentin Castravet 24,925 Super User 2024 Season 2 on at
    What is Additional Reporting Currency used for and in what scenario do we need it?

    In the general ledger, transactions are posted in the local currency. For foreign currency transactions, you have the option to also record the foreign currency amount. This is known as the "additional reporting currency."

    The additional reporting currency can be useful if you want to generate financial reports in the foreign currency, in addition to the local currency reports.

     

    Valentin Castravet
    Work: Zander ERP Services
    Blog:  Dynamics 365 Business Central Insights
    LinkedIn:  www.linkedin.com/in/valentin-c-0500a247/
     

  • Suggested answer
    Jun Wang Profile Picture
    Jun Wang 7,443 Super User 2024 Season 2 on at
    What is Additional Reporting Currency used for and in what scenario do we need it?
  • gdrenteria Profile Picture
    gdrenteria 12,338 Most Valuable Professional on at
    What is Additional Reporting Currency used for and in what scenario do we need it?
  • Suggested answer
    Khushbu Rajvi. Profile Picture
    Khushbu Rajvi. 4,753 on at
    What is Additional Reporting Currency used for and in what scenario do we need it?
    Additional Reporting Currency in Business Central allows businesses to generate financial reports in multiple currencies besides the base currency. This feature is particularly useful in global operations or for companies that need to comply with international reporting standards.
    please go through below link for More details 

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