Hi All,
We have a request to create a new company. As an alternative solution, we are thinking about configuring our current Nav 4.0 to include new company operations. The problems is that in GL Entry, there is no place to put currency code, as GL has to mantain the general ledger in two currencies. Is this possible? Does anyone know if there is another option? For instance, to use Responsibility Center or Business Unit to identify transactions from different countries?
Thanks in advance!
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If you want to have G/L entries in TWO currencies, local currency and another one, e.g. for reporting, there is tab with name Reporting on the G/L setup. But more about this option should tell you some consultant.
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EG you operate in the EURO but your parent company is a US dollar operating entity that desires to see your ledger is US currency.
Each entry in the GL will have it US dollar value shown in the additional reporting currency field.
This values can either remain static or can be updated to reflect FX rate adjust ments when you run update FX batch job (its a tick box to do this or not)
You said right at the stat you had a request to create a new company, First of all if it is a new company you will have to create a new company instead of merging 2 companies into one.
GO to the client and find out if it is a new legal company or merely a new operating centre within the same company, I suspect it will be a new one espically if they have a different currency.
So the the second one should probably be written off due to development costs if nothing else