- For companies operating in diverse countries or regions, managing business transactions and financial reporting in multiple currencies is essential.
- Microsoft recently released a new feature in Business Central that allows users to preview how an exchange rate adjustment will affect their records before finalizing it.
- To enable the new feature, users need to go to Feature Management and select Enable All Users.
- Access the Exchange Rate Adjustment by clicking on the Currency page and selecting the Exchange Rate Adjustment action.
- Users can set the Starting date and Ending Date, Posting date, and adjust various boolean options to customize the adjustment process.
- Choose dimension settings such as Source Entry Dimensions, No Dimensions, or G/L Account Dimensions to define how dimensions are managed for gains and losses.
- Note that enabling the "Enable use of new extensible exchange rate adjustment, including posting review" feature in the Swiss (CH) version is not recommended due to local regulations.
- By following the steps outlined in the article, users can effectively utilize the new feature to maintain accurate records and enhance their organization's financial management capabilities.
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