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Setting up a new LE to use a new Reporting Currency

Posted on by 12
Hello,
 
I am looking for advice or feedback on the below business scenario.
 
One of our business groups are looking to change their reporting currency, in D365 F&O, from CAD to USD due to a Customized Gain/Loss report that pulls financial data based on the reporting currency. Because there are transactions already posted in their current LE, the Reporting currency cannot be changed. The alternative is to setup a new LE. 
 
Other than setting up a new LE or updating the Gains/Loss custom report, is there any other solution to the above scenario?
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  • Suggested answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 3,722 Super User on at
    Setting up a new LE to use a new Reporting Currency
    Updating the report is worth trying.  I can't say for sure whether it will work because I don't know the report design but trying it would be a lot less effort than setting up a new LE.
  • Community member Profile Picture
    Community member 12 on at
    Setting up a new LE to use a new Reporting Currency
    Thanks Frank and Andre. So what if, instead of creating the new LE, if we updated the customized Gains/Loss report to use the Accounting currency, instead of reporting currency, would that have an impact on any other subledgers? 
  • André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 287,989 Super User on at
    Setting up a new LE to use a new Reporting Currency
    Hi,
     
    Like Frank and you mentioned, you should create a new legal entity for this. This is also documented by Microsoft: Change the accounting or reporting currency - Finance | Dynamics 365 | Microsoft Learn
  • Suggested answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 3,722 Super User on at
    Setting up a new LE to use a new Reporting Currency
    Unfortunately not.  Even if there was a work around, Microsoft wouldn't support it.  I've been down this road a couple times with them.

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