Dynamics 365 Finance
Category
Apr 3, 2024
Published date
Text
Article Type
AI Summary
- The article discusses the possibility of performing foreign currency revaluation separately for Accounts Payable, Accounts Receivable, and Cash and Bank modules in Microsoft Dynamics 365 Finance.
- The exchange rate type used for revaluation is determined from the accounting currency exchange rate type in Ledger setup.
- In the GL-module, every main account has the option to override the standard exchange rate type for FX revaluations.
- To enable the exchange rate option for AP and AR modules, the feature "Exchange rate type enhancement for accounts payable and accounts receivable foreign currency revaluation" needs to be enabled.
- To enable the exchange rate option for the Bank module, the feature "Exchange rate type enhancement for bank foreign currency revaluation" needs to be enabled.
- To set up an additional exchange rate type for Accounts Receivable foreign currency revaluation, navigate to Accounts Receivable > Setup > Accounts receivable parameters and select the desired option in the Exchange rate type source field.
- To set up an additional exchange rate type for Accounts Payable foreign currency revaluation, navigate to Accounts Payable > Setup > Accounts payable parameters and select the desired option in the Exchange rate type source field.
- To set up an additional exchange rate type for Cash and Bank foreign currency revaluation, navigate to Cash and bank management > Setup > Cash and bank management parameters and select the desired option in the Exchange rate type source field.
- Similar to AR and AP, Cash and Bank can be set up using the same process.
- For detailed instructions on how to process a foreign currency revaluation, refer to the article "Currency revaluation for Accounts payable and Accounts receivable – Finance | Dynamics 365 | Microsoft Learn."
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