Currently, if an accrual is posted to the general ledger (i.e. there is no sale/purchase ledger entries), then this entry cannot be revalued.
This is not in line with IAS21.

Scenario: an accrual is posted in USD and another in EUR. The LCY is GBP.
At the point of posting the accrual, the current exchange rate is used, and the value in the general ledger is in GBP, but translated according to the original exchange rate.
When it comes to month end or especially year end, these entries should be revalued at closing rate.

Currently the revaluation batch ignore GLs entries, and so these accruals would incorrectly stay valued at the original rate, instead of the closing rate.
This is against IAS21 rules, that specify that accurals (monetary items) should be revalued at closing rate.

This is a pretty big gap , especially now that more and more customers are transacting in multiple foreign currencies.
Needs Votes
Ideas Administrator

Thank you for this suggestion! Currently this is not on our roadmap. We are tracking this idea and if it gathers more votes and comments we will consider it in the future.

Best regards,
Business Central Team



I might be misunderstanding, but the Adjust Exchange Rate process updates journal entries as well. Did you enter the appropriate currency codes with the journal entry?

Category: Financial Management