D365 should allow to apply a specific exchange rate type for Accounts Receivable and Accounts Payable foreign currency revaluation processes. Currently, for AR and AP foreign currency revaluation processes, D365 considers only the exchange rate type setup in the General Ledger module (Ledger form).
Comments
Hello Eric,
In our situation, our users need to understand the value of foreign currency transactions using their company's internal exchange rate. This is necessary for them to evaluate their performance by assessing the revenue and expense transactions in accordance with internal company standards.
On the other hand, they need to determine their Balance Sheet value using the exchange rate provided by the central bank. This is done to present their financial position in accordance with accounting rules.
Category: Cash and bank management
Hello Community,
Could you please share more business background why a specific exchange rate type is needed for AP/AR foreign currency revaluation?
Regards
Eric
PM - Microsoft
Category: Cash and bank management
It seems the ideas in the links below are discussing the same topic with this one.
https://experience.dynamics.com/ideas/idea/?ideaid=92373813-de4b-e911-867a-0003ff68f7ae
https://experience.dynamics.com/ideas/idea/?ideaid=1133f8c4-ddf9-e811-a140-0003ff68f5dd
There may be other ideas that is essentially same as this.
I think it is no good for everyone who needs an enhancement that it is scattered in several topics and gets less votes than the number of potential people who needs it, as a result.
Now that this is under review, I hope Microsoft does recognize those ideas that can be regarded as same idea and count the votes as real number of people who needs it and propel it further.
Category: Cash and bank management
good idea, exchange rate type already exist, but are still not used, meaning this function is like not ended :-(
With that idea, it will be fully used.
Category: Cash and bank management
Our customers requires even a further detailing such as per type of vendor and per type of debtor. E.g. use the Table/Group/All in a future solution for this.
Category: Cash and bank management
Great suggestion. This used to be standard in AX2012
Category: Cash and bank management
Administrator on 2/2/2024 2:53:19 AM
This idea is supported in 10.0.39. Refer to What's new or changed in Dynamics 365 Finance 10.0.39 (April 2024) - Finance | Dynamics 365 | Microsoft Learn for detail.