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Do nominals pick up the value under field amount or the value under amount lcy?
Or is it required that both fields are filled in when uploading bulk uploads?
Hi Agri,
You can just fill in the amount field and amount lcy will be automatically validated. Defining a currency code as well will calculate the amount lcy based on the exchange rate of your local currency against currency code.
If you find this useful please give it a like or verify the answer. By this way you can help other members know that the topic has been answered. Have a nice day. Thank you.
Cheers,
Hi AGRI
When you import transactions into a general journal you will normally only use the amount field and run validate on that filed. The validate will populate the amount LCY field.
But if you import transactions in a foreign currency and you are provided with both the amount in currency and the amount in LCY, then you will have to use the currency code field, the amount field with the currency amount and the LCY amount field. And make sure to validate them in that order.
Hope this helps you further.
LCY. All general ledger entries (nominal values) are in local currency. You can have a reporting currency to show another but it is for a single currency like Euros. The original currency value is not shown on the general ledger entries as standard.
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