Exercise - Update the USD:EUR exchange rate
This exercise is written to use the Cronus sample company from the US version of Business Central. You might need to make adjustments to the steps if you use the sample company from your country or region.
Scenario
At the end of January 2022, the relational exchange rate amount between EUR and LCY is 1.00 USD = 0.8806 EUR. Because you have customers and vendors that use EUR as their default currency, you need to run the Adjust Exchange Rates batch job.
Because you posted activity to the Season Sports AG account this month, you want to trace any adjustments to the customer ledger entry. You need to complete this exercise that was done earlier in this learning path in order to complete this exercise.
Task
Update the EUR exchange rate and run the Adjust Exchange Rates batch job.
Steps
Select the Search for Page icon in the top-right corner of the page, enter currencies, and then select the related link.
Select currency code EUR.
Select Edit.
In the Unrealized Gains Acc. field, enter 40500.
In the Unrealized Losses Acc. field, enter 40500.
Select Process > Exch. Rates.
Move to a new line.
In the Starting Date field, enter 04/30/22.
All fields are automatically filled in with the same information as the previous lines. Leave the Currency Code field, the Relational Currency Code field, the Exchange Rate Amount field, and the Adjustment Exch. Rate Amount field unchanged.
In the Relational Exch. Rate Amount field, enter 0.8806.
In the Relational Adjmt. Exch. Rate Amt. field, enter 0.8806.
Close the Currency Exchange Rates page.
Stay on the Currencies page.
Select Process > Adjust Exchange Rate.
Leave the Starting Date field blank.
In the Ending Date field, enter 04/30/2022.
Accept the default settings in the Posting Description and Posting Date fields.
In the Document No. field, enter ADJACY-0422.
Select the Adjust Customers field.
Expand the Currency FastTab.
In the Code filter field, enter EUR.
Select OK to run the batch job.
Select OK.
Close the Currencies page.
To review the result, follow these steps:
Select the search for page icon in the top-right corner of the page, enter customers, and then select the related link.
Select the Season Sports AG customer.
Select Customer > Ledger Entries.
In the Customer Ledger Entry Details FactBox, select Detailed Ledger Entries.
Notice that there are two entries on the Detailed Customer Ledger Entries page: one for the initial entry and one for the unrealized loss.
Close the Detailed Cust. Ledg. Entries page.
Close the Customer Ledger Entries page.
Close the Customers page.