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inventory with multi currency

Posted on by 131
we are transitioning from QuickBook to Business Central
our local currency is CAD but our items (inventory) are from vendors in the State
 
the price list they provided us are all in USD.
 
is there way to save the items in USD and do the exchange when a sale occur? we will be paying vendors in USD
 
thanks
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  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 73,339 Super User 2024 Season 2 on at
    inventory with multi currency
    Hi, BC supports foreign currencies. Below are a few key pages that you may use, hoping to give you some hints.
    Currency in Purchase Prices:
    Currency in Vendor
    Currency in Purchase Order
    Currency in Payment Journals
    PS: How to disable Application of Ledger Entries in Different Currencies: https://yzhums.com/38907/
     
    Thanks.
    ZHU
  • Suggested answer
    Inge M. Bruvik Profile Picture
    Inge M. Bruvik 32,748 Super User 2024 Season 1 on at
    inventory with multi currency
    You have to register a vendor pricelist that is in USD for each vendor.
    Your inventory valuation will always be in your local currency.
    But you can of course register your purchase orders in USD then the currency exchange rate will determine the inventory value in your local currency.

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