Is there an assumption that the LCY will always be USD in Navision..?
Here's the verbage from the online help for the LCY Code field on the GL setup card.
LCY Code Field
The General Ledger Setup Table
Enter the currency code for USD.
You can enter a maximum of 10 characters, both numbers and letters.
This code will appear on invoices and reports that are in USD.
Does this not determine the currency that's represented by journal/gl entries?
Thanks!
Dan
0
Answers
If you have a local currency that you operate in, and fill in another currency for the Additional Reporting Currency, it will use the currency exchange rates to post G/L Entries in both your local currency, and the additional reporting currency by using the method above.
So if you had a company running USD as Local currency, and decided to have additional reporting currency of GBP, the system uses the exchange rates setup for GBP to make the conversions for the ACY fields.
On the flip side you could have a company operating local currency in GBP, and additional currency as USD.
Hope this helps,
Kevin
"Profanity is the one language all programmers know best."
Let me give you a little background on what were doing... So we're a US based company and we've just setup a distribution center in Mexico, we've setup a new company in Nav to record sales to our Mexican customers and purchases from our US company, no manufacturing in this new company. We want to be able to report on our transaction in our Mexican company in Pesos.
Typically what are the deciding factors in choosing an LCY? So why would I want to set the LCY to use PES with ACY in USD vs. LCY=USD and ACY=PES?
Thanks!!!
Dan
ACY in the US Based NAV Company was blank.
"Profanity is the one language all programmers know best."