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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Company currency conve...
Microsoft Dynamics AX (Archived)

Company currency conversion

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Posted on by Community Member

Hi, if you convert company currency via the standard company currency conversion tool, will the transactions also in closed previous fiscal years be revauled to the new company currency? It feels like it should only convert the transactions in the current fiscal year (if you change in the middle of the year) and all balances in not yet closed stock, AR/AP ledgers  etc. But I get very uncertain...Thanks in advance!

Kind regards

Christopher

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  • Felipe Queija Profile Picture
    Felipe Queija 110 on at

    Hi Christopher,

    I worked pretty much with currency conversion with AX2009 but I am not sure about the closed periods, you should test to it first, but I think you can create a job to open the period (it is not recommend but ...):

    LedgerPeriod period = LedgerPeriod::find(1\12\2010,PeriodCode::Regular);

      ;

      ttsbegin;

      period.selectForUpdate(true);

      period.PeriodStatus = LedgerPeriodStatus::Open;

      period.doupdate();

      ttscommit;

    And then you can run this process to adjust the transactions for the new currency rate

    technet.microsoft.com/.../aa499830.aspx

    I don't know if I understood what you need, but when I had a problem with different rates for a Main Account for a closed period, we have done this.

  • Community Member Profile Picture
    Community Member on at

    Hi Felipe, thanks for your reply! Sorry for being a bit unclear, the issue is to convert base currency in the company, from SEK to EUR. They are doing their accounting in SEK today but need to switch to EUR. So it is not a currency rate revaluation but rather a change of base currency code for the company. The feature called "Company currency conversion" is located under Administration, Periodic. And the question is if the tool/feature converts all transactions to EUR (and changes the MSTamount), also in the years that are now closed.

  • Community Member Profile Picture
    Community Member on at

    Hi christopher, If you want to change company currency, you can use this path-- General ledger>peroidic>currency conversion>ledger accounting currency conversion.

    Enter the rate between "SEK to EUR"

    And yes, Changes will affect for all the fiscal years but still it is advisable first test in pre-live env.

    some prerequisite to run this process as below:-

    1. Revert foreign currency revaluation amounts for customer and vendor accounts

    2. Close all previous fiscal years.

    3. prepare database for currency conversion

    If you want to see this in more details, refer to this link technet.microsoft.com/.../aa496797.aspx

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