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Companies who works with a double ledger : one statutory in EUR (= accounting currency) , one IFRS in USD (= reporting currency).
 
Their mandatory need is to be able to obtain, in real time, a direct valuation in their reporting currency (USD) of all their inputs entered in transaction currency (whichever it might be).
 

Example  : If the transaction currency is GBP, the accounting currency is EUR and the reporting currency is USD, we need to convert GBP to EUR and GBP to USD.
Of course, all foreign currency revaluation processes (customer, vendor and general ledger modules) have to follow the same rule of accounting.

Category: General Ledger
STATUS DETAILS
Completed
Ideas Administrator

Thank you for your feedback.
We released this feature as part of the functionality in Dynamics 365 Finance and Operations version 8.1.  The functionality, referred to as Dual currency, changed how the reporting currency amount is calculated. The system now calcculates the reporting currency directly from the transaction currency. Various subledgers were also updated to track reporting currency amounts.
Please note that this functionality did NOT add support for full multi-ledger, which would allow for additional ledgers assigned to a legal entity. Because this idea is specific to the calculation of the reporting currency, I am marking this as Completed.
Please refer to the following link for more information:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/dual-currency
 
Sincerely,
Kristi Slininger, PM
Microsoft.

Comments

M

I totally agree with Lise, it is absolutely incredible that this feature is not already offered in Dynamics 365 and even on the 2012!

Category: General Ledger

M

This lack of functionality is likely to stop customer's acceptance to implement Dynamics 365 for their business use if they identify it, even once the project has started...


SAP competitor offers this set up as a standard.


So it is important to develop it ASAP in Dynamics 365 !

Category: General Ledger