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Bank Transfer between 3 Banks within the same legal entity

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Posted on by Ammar 4
Hello team,
 
I am looking to set up daily bank transfers between 3 banks that are part of the same legal entity, with a predefined exchange rate that will remain the same. For example, I would like to transfer $1,000,000 from Bank #1 to Bank #2 with an exchange rate of 0.377, and then transfer the equivalent amount from Bank #2 to Bank #3 in the company's base currency.
 
I would like these transfers to occur on a daily basis. How can I do that?
 
Thank you.
  • Suggested answer
    Kevin Xia Profile Picture
    Kevin Xia Microsoft Employee on at
    Bank Transfer between 3 Banks within the same legal entity
    Hi,
    As Frank said, you may need to do custom development to meet your needs. You can also enlist the help of a Microsoft partner who can help you customize it: Find the right app | Microsoft AppSource.
    Considering that you need to automate some tasks on a daily basis, you can consider batch jobs, refer to this official documentation: Create a batch job - Finance & Operations | Dynamics 365 | Microsoft Learn. Or you can use Microsoft tools like Power Automate.
    Best regards,
    Kevin
  • Suggested answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,215 Super User 2024 Season 2 on at
    Bank Transfer between 3 Banks within the same legal entity
    I think you're looking at a customization.  You might be able to use a Periodic journal with the Unit set to "Days" but there's no way I can think of to force the journal to use a Fixed exchange rate on a recurring basis.

    You might also be able to setup a recurring data project, but would still need to store a source file somewhere for the project to pick up daily.
     
     

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