Revalue foreign currency amounts for customers or vendors

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.

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Before you revalue foreign currency amounts, you must set up profit and loss ledger accounts for foreign currency revaluations. Click General ledger > Setup > Currency > Currency revaluation accounts. Select main accounts for the four types of exchange rate posting in the Posting column.

Note

To estimate the financial effect of the revaluation that you are about to perform, you can run a simulation of the foreign currency revaluation in the customer Simulation or vendor Simulation form. For more information, see Simulate a foreign currency revaluation.

1. Click Accounts receivable > Periodic > Foreign currency revaluation.

   –or–

   Click Accounts payable > Periodic > Foreign currency revaluation.

2. Click Foreign currency revaluation.

3. Select values in the following fields:

   • Method

   • Considered date

   • Date of rate

   • Use posting profile from

4. Enter values in the other fields as required.

5. Select the Print check box to print a report that shows the balances before and after the foreign currency revaluation. This printout also shows the summary of all changes, by currency.

6. Click OK to revalue the foreign currency amounts and print the report.

Note

This report is available only when you revalue foreign currency amounts. Therefore, make sure that you print the report every time that you revalue foreign currency amounts.

See also

About foreign currency revaluations for open customer transactions

About foreign currency revaluations for open vendor transactions

Prepare a legal entity for a currency conversion

Finish the currency conversion

Customer foreign currency revaluation (form)

Customer foreign currency revaluation periodic job (class form)

Vendor foreign currency revaluation (form)

Vendor foreign currency revaluation periodic job (class form)