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Currently, if you're using either the Historical or either of the two Average translation methods for a ledger account, while the account may have a zero balance in the accounting currency of the legal entity, MR will still return a non zero translated balance. This is obviously incorrect but Microsoft have advised that MR is working as designed. The issue here is, the design is wrong.


The idea here is to either:

  • Ask Microsoft to change the report engine's logic to always show a zero balance in the translated currency if the accounting currency balance is zero
  • Add an override/setting in the MR application to make this optional
  • Add an override/setting in the report definition to make this optional on a report by report basis
STATUS DETAILS
Needs Votes
Ideas Administrator

Hello, 

Please refer to how rates are calculated in Financial reporting for reference. Currency capabilities in financial reporting - Finance | Dynamics 365 | Microsoft Learn

We will continue to review this idea for future improvements. 

Also, we invite you to join our Customer Advisory board for Project Comacina. Here you will learn of updates that Microsoft is making to the reporting experience.

Click here to join (https://forms.office.com/Pages/ResponsePage.aspx?id=v4j5cvGGr0GRqy180BHbR2V_9HFL4cRGtih_PMMDw1dUM0gxOE1NQ01PUEhUSUpJSFVCRVFBRk02Ti4u)

Jinnie Wong

Comments

K

We already know how rates are calculated in MR.

The issue, for accounts translated using the historical (transaction day) calculation method, results in a non-zero translated balance being reported when the account has a zero balance in the accounting currency.

There's nothing that can be done to correct this from the front end as the balance is the result of a calculation.

Category: Financial reporting

K

This also applies to all modules in Finance. Fixed asset is also showing balances in reporting currency even if the accounting currency is zero. The ledger accounts also show balance in reporting currency even if the accounting currency is zero etc. Please make sure to go through all the features where i.e. fixed assets or other subledgers will be zero, scrap, split for example. With thousands of transactions it is not sustainable to correct reporting currency with manual journal.

Category: Financial reporting