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Dynamics 365 Community / Forums / Microsoft Dynamics NAV (Archived) / Using Bank account for...
Microsoft Dynamics NAV (Archived)

Using Bank account for multi currency GL

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Posted on by Community Member

Hi,

As we know that GLE does not contain the original currency code on normal GL account, is it possible to use bank account instead of normal GL account? we just know that the original currency required to find in bank account ledger entries. Could anyone knows any drawback / side effect of this idea?Thanks

Best Regards,
Anson

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  • mmv Profile Picture
    mmv 11,471 on at

    Hi,

    Could you elaborate your requirement?

  • Community Member Profile Picture
    Community Member on at

    Hi Mahesh,

    We majorly need to export Ledger with original currency for the whole financial year to auditor for their checking.

    so that we have an idea using bank account ledger combine with GLE to do this.

    Best Regards,

    Anson

  • Suggested answer
    Alexander Ermakov Profile Picture
    Alexander Ermakov 28,096 on at

    I do not think it would be a good idea to assign separate bank cards to all the financial GL accounts, there might be quite many of those (however I do not see any technical limitation of why you would not be able to do this). I think it will not be convenient. Better to let users just write the needed currency and currency amount in the description field.

    Our customers indeed had similar needs, we sometime go to a small customization and add to GL Ledger Entries more fields - Original currency, Original Currency Amount, Original Dt Currency Amount and Original Cr Currency Amount.

  • Verified answer
    Community Member Profile Picture
    Community Member on at

    Normally you would get the original currency in Cust. Ledger Entries, Vendor Ledger Entries & Bank Ledger Entries.

    When it comes to G/L Ledger, you would not be able to use Bank Account as you need to setup the General Posting Setups for Sales & Purchase posting and need to select G/L Account only.

    Alternatively, you can customize and add few fields in G/L Entries as per your need.

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