CBR Technology is a Microsoft Tier-1 CSP with resources to upgrade your NAV system to Business Central. We also provide Consulting and Development services for all NAV and Business Central users. Please call us at 855-227-0700 with any further assistance you might require.
Many of our clients working with firms international, require the ability to transact in non-USD denominations. Business Central is FASB-52 compliant and handles multiple currencies and mingle currencies for the same customer or vendors. The system will also provide for the revaluation of previous currency transaction using a different exchange rate. Finally the system has the ability to automatically track the gains or losses due to currency exchange in different GL accounts as specified in the setup.
The Business Central system comes with a built-in integration to a multi-currency service which provides for the ability to retrieve a daily exchange rate as published online. However, many financial institutions separate buy and sell transactions causing an issue with this approach. Many of our client require the ability to overwrite the default exchange rate for a specific transaction BEFORE it is being posted.
Please simply select the proper currency in the selection window during a transaction, such as Purchase invoices.
Then, simply press the triple-dot button to the right of the Currency Code field.
In the window above, change the relational Exchange rate amount to the actual exchange rate you wish to use.
Feel free to reach out to our team with any additional support issue you might experience with Business Central (Dynamics NAV) . Telephone (855) 227-0700