Adjust exchange rates easily, replace the built-in batch job

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Important

Some of the functionality described in this release plan has not been released. Delivery timelines may change and projected functionality may not be released (see Microsoft policy). Learn more: What's new and planned

Enabled for Public preview General availability
Users by admins, makers, or analysts - Apr 2023

Business value

When companies operate in multiple countries or regions, it's important that they can do business and run financial reports in more than one currency. Because exchange rates often change, businesses must periodically update the rates in Business Central. This update gives accountants additional control over how they adjust exchange rates. At the same time, partners can now extend and customize the exchange rate adjustment to meet the needs of specific industries or markets.

Feature details

You can now preview the effect that an exchange rate adjustment will have on posting before you actually post by choosing the Preview action on the Adjust Exchange Rates report request page. Specify if you want a detailed posting to the general ledger by entry or a summarized posting by currency. Just pick the Summarize Entries field on the Adjust Exchange Rates report. You can also specify how the adjustment will handle dimensions for unrealized gains and losses postings by choosing one of the following options in the Transfer Dimension Values field:

  • Source Entry: G/L entries for unrealized gains and losses will have dimensions values transferred from the entry being adjusted.
  • By G/L Account: G/L entries for unrealized gains and losses will have dimensions values transferred from the unrealized gains and losses G/L account's dimension settings source entry.
  • No Transfer: G/L entries for unrealized gains and losses won't have dimensions values.

Note

This feature is currently available only for developers and can't be turned on in production environments yet.

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