• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Business Central
  • Dynamics NAV
    • NAV 2018
    • NAV 2017
    • NAV 2016
    • NAV 2013
  • Others
    • About
    • Privacy Policy
    • Disclaimer
    • Contact Us

Navision Planet

Ultimate Resource for Dynamics NAV / Business Central

  • LS Retail
  • Help Topics
    • Finance Module
    • Manufacturing Module
    • Warehouse Module
    • Administration
  • Developer
  • GST
  • D365 Business Central
  • CU Update
    • Download Business Central

Currencies Setup In Navision

How To Setup Currency In Microsoft Dynamics NAV( Navision)?
In Navision you can use the Currencies window to set up codes for each currency you use in your company accounting.
You must set up a code for each currency you use if you buy or sell in currencies other than LCY, have receivables or payables in other currencies, or record G/L transactions in both LCY and an additional reporting currency.
The window contains a line for each currency.
To setup Currencies in Navision you have to follow following procedures
  • Open Currencies Window( Financial Management –> Setup –> General –> Currencies)
  • Click Currency(Button)->Card or Shift + F5
  • Fill General Tab Details:
  1. Code Field:Here you can enter a currency code. You can enter a maximum of 10 characters, both numbers and letters.
  2. Description Field: Here you can enter a text to describe the currency code.
  3. Fill details like Unrealized Gains Acc. , Realized Gains Acc. ,Unrealized Losses Acc., Realized Losses Acc. Field.
  4. EMU Currency Field: Place a check mark in this field if the currency is an EMU currency, for example DEM or EUR. If you apply entries in different EMU currencies to one another, a check mark must be placed in this field for all EMU currencies.
  • Fill Rounding Tab Details:
  1. Invoice Rounding Precision Field: Here you can specify the size of the interval to be used when rounding amounts in this currency. You can specify invoice rounding for each currency in the Currency table.
  2. Invoice Rounding Type Field: Here you can specify whether an invoice amount will be rounded up or down. like Nearest, Up and Down.
  3. Amount Rounding Precision Field: Here you can specify the size of the interval to be used when rounding amounts in this currency.
  4. Fill the details like Amount Decimal Places Field, Unit-Amount Rounding Precision Field, Unit-Amount Decimal Places Field etc. These are the important fields but if you are mension all the fields you can utilize these feature most.
  • Exchange Rate Updation
  1. Open Exchange Rate window by clicking Exchange Rate Button
  2. Starting Date Field: Here you can enter the date on which the exchange rate on this line comes into effect. The exchange rate on this line will be effective from this date until the date in the Starting Date field on the next line.
  3. Exchange Rate Amount Field: You use this field and the Relational Exchange Rate Amount field to enter amounts that the program uses to calculate exchange rates for the foreign currency on this line. The amount you enter in this field is relevant for the currency in the Currency Code field.
  4. Relational Exch. Rate Amount Field: You use this field and the Exchange Rate Amount field to enter amounts that the program uses to calculate exchange rates for the foreign currency on this line. The amount you enter in this field is relevant for the currency in the Relational Currency Code field.
  5. Adjustment Exch. Rate Amount Field:You use this field and the Relational Adjmt Exch Rate Amt field to enter amounts that the program uses to calculate exchange rates that will be used by the Adjust Exchange Rates batch job. This batch job uses the adjustment exchange rate to make exchange rate adjustments (gain and loss entries) to G/L, customer, vendor and bank entries. The amount you enter in this field is relevant for the currency in the Currency Code field.
  6. Relational Adjmt Exch Rate Amt Field:You use this field and the Adjustment Exch. Rate Amount field to enter amounts that the program uses to calculate exchange rates that will be used by the Adjust Exchange Rates batch job.
  7. Fix Exchange Rate Amount Field: In this field, you specify whether the currency’s exchange rate can be changed on invoices and journal lines.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Subscribe

  • Email
  • Facebook
  • Twitter

Our Topics

Administration Analysis Reports Business Central Developer Toolkit Docker Dynamics NAV Beta Download Dynamics NAV Release Error Message Finance Module GST Human Resource Login Error LS Retail LS Retail 2013 Manufacturing Module Microsoft Certified Trainers (MCTs) Microsoft Dynamics Business Central Microsoft Dynamics NAV 2009 Microsoft Dynamics NAV 2013 Microsoft Dynamics NAV 2015 Microsoft Dynamics NAV 2017 Microsoft Dynamics NAV 2018 MSDyn365BC NAV 2016 Navision Certification Navision Developer Navision Introduction Navision Modules Navision Retail Navision Tips And Tricks Powershell Purchase Order Sales Module SQL Server Useful Sites Visual Studio Code Warehouse Module

Footer

Recent Post

  • Business Central Complete Version List and Direct Download
  • What is Customer Order ? How to setup and use in LS Central
  • START BUSINESS CENTRAL DEVELOPMENT ( CODING )

Search

Contact : support@navisionplanet.com for Microsoft Dynamics NAV (Navision ) and LS Retail Development or Functional support for any modules

 

Editors News Letter


New Microsoft Dynamics NAV Technical Blog opened the Navision Planet Team

MIBUTECH

https://www.mibutech.blogspot.com

Copyright © 2023 Navision Planet