Retained earnings calculation enhancements for financial reporting when using currency translation

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Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Enabled for Public preview General availability
End users by admins, makers, or analysts - This feature is released. Aug 7, 2020

Business value

When generating financial reports that include currency translation, the retained earnings calculations now include rates and balances from the account's entire history, rather than only the year and rate.

Feature details

When you enable this feature, any retained earnings account that has the Currency translation type set to Transaction date will calculate the translated balance of the account using rates and balances from its entire history, rather than using the entire balance with only the current year rate used.

Note

To opt in to this feature, you must log a support ticket to get this turned on for your organization.