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How to use multiple currencies in Dynamics 365 Business Central?

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#currencies

Dynamics 365 Business Central

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Sep 30, 2024

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  • Companies operating globally need to handle multiple currencies in both Business Central and Finance and Operations.
  • In Finance and Ops, currency setup is done in the General ledger –> Currencies –> Currencies form.
  • The Currencies form in Finance and Ops focuses on setting up currency attributes, regardless of exchange rates or primary currency.
  • Business Central refers to the primary currency as LCY and has a separate form for other currencies used in the company.
  • Setting up currencies and exchange rates in Business Central can be confusing, especially when dealing with the primary currency.
  • The LCY should not be entered on the currencies form in Business Central, except in cases of consolidating multiple companies with different exchange rates.
  • The LCY should be entered on the "General ledger setup" page in Business Central.
  • Understanding the differences in currency setup between Finance and Ops and Business Central is crucial for smooth operations.

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