web
You’re offline. This is a read only version of the page.
close
Skip to main content

Notifications

Announcements

No record found.

News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / FX on Additional Repor...
Small and medium business | Business Central, N...
Suggested Answer

FX on Additional Reporting Currency

(0) ShareShare
ReportReport
Posted on by paul.asaro@equiteq.com 38

Hi

The local currency ties between our ledger and the audit... however when using the add'l reporting currency, it does not.  Obviously this is because of the FX rate used.  

How can I change prior years, say 2019, the whole year's FX rate to match what the auditors used so our numbers tie?

I have in the past "re-calculated" the add'l reporting currency by removing it completely, changing the FX rate, then adding the addl reporting currency back in.  But i can't imagine this is the correct way.

Thanks

I have the same question (0)
  • paul.asaro@equiteq.com Profile Picture
    paul.asaro@equiteq.com 38 on at

    Anyone?

  • Suggested answer
    Alessandro Vannini 1 Profile Picture
    Alessandro Vannini 1 on at

    Hello Paul

    the ACY currency is calculate base on the exch. rate you have in the currency table, so it change base on the change of the rate

    If you would like to adjust the rate you did the correct operation, so remove and re-add it will fix the problem using the selected rate for all entries

    Please still consider that the ACY amount will change base on the rate you have during the year, you can decide if it is possible to have only one rate (no adjustment for the specific currency)

    Hope this help

  • paul.asaro@equiteq.com Profile Picture
    paul.asaro@equiteq.com 38 on at

    Thanks Alessandro.

    So what i said was correct?

    Is there a way to conform to US GAAP where the balance sheet accounts are calculated using one rate (year end rate) while the balance sheet is calculated using the average rate for the year?

    Puoi rispondere in italiano se e` piu facile...

    Thanks!

    Paul

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Responsible AI policies

As AI tools become more common, we’re introducing a Responsible AI Use…

Neeraj Kumar – Community Spotlight

We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…

Congratulations to the November Top 10 Community Leaders!

These are the community rock stars!

Leaderboard > Small and medium business | Business Central, NAV, RMS

#1
OussamaSabbouh Profile Picture

OussamaSabbouh 2,066

#2
YUN ZHU Profile Picture

YUN ZHU 658 Super User 2025 Season 2

#3
Sumit Singh Profile Picture

Sumit Singh 595

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans