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Currency Management

 

There are various ways to manage currency transactions in Microsoft D365FO.

Here you can find the ways that I mostly use.


1. Ledger Transactions: On Ledger Transactions you can see 3 currency amount. Transaction Currency, Accounting Currency, Reporting Currency. Transaction currency is used for original document currency. Accounting currency is the currency that you place your legal reports on. Reporting Currency is an additional third currency that you want to report on. For example, you want to report your values due to EUR even your accounting currency is CAD while your group company is in Europe. You can revert your values in reporting currency, from transaction or accounting currency due to the selection of a parameter.

2. Management Reporter: You can prepare the reports due to the selection of the currency. System will revert the balances to the currency you select on the report with the exchange rates.

3. Triangulation: You can select a currency to report as triangulation. It is pretty easy to revert all transactions to another currency with one click. (maybe 2 Slight smile )

4. Dual Currency:You can use the transaction currency in the consolidation company.

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