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Microsoft

Use multiple currencies in Microsoft Dynamics 365 Business Central

Microsoft via Microsoft Learn

Overview

  • Module 1: If you want to know how to start using foreign currencies in Business Central, follow along with this module, which explains how to create currencies and enter exchange rates.
  • By the end of this module, you will be able to:

    • Understand the setup requirements for currencies and exchange rates when you are using multiple currencies.
    • Enter exchange rates for currencies manually.
    • Set up an exchange rate service.
    • Use exchange rate services and job queue entries to automatically update exchange rates.
    • Set up currencies for customers, vendors, and bank accounts.
  • Module 2: Do you need to use foreign currencies with sales and purchase documents? If so, then this module is for you. This module focuses on how you can create and post sales and purchase documents in foreign currencies. It also demonstrates how to analyze customer and vendor ledger entries in foreign currencies.
  • By the end of this module, you will be able to:

    • Create sales and purchase documents in foreign currencies.
    • Check local currency and foreign currency amounts in sales and purchase documents.
    • Analyze customer and vendor ledger entries in foreign currencies.
  • Module 3: Do you want to know how to adjust exchange rates in Business Central? If so, then follow along with this module to discover how to run the Adjust Exchange Rates batch job to update LCY amounts for posted entries in Business Central and to program post-realized and unrealized exchange rate differences.
  • By the end of this module, you will be able to:

    • Understand the importance of periodically adjusting exchange rates.
    • Run the Adjust Exchange Rates batch job in Business Central.
    • Analyze the results of adjusting the exchange rate in the general, bank, customer, and vendor ledgers.
  • Module 4: Do you want to find out how to process foreign currency payments in Business Central? If so, follow along with this module, which explains processing foreign currency payments from the cash receipt journal and the payment journal in Business Central.
  • By the end of this module, you will be able to:

    • Understand the rules that apply when you are using bank accounts in multiple currencies.
    • Enter a foreign currency payment in the cash receipt journal or the payment journal.
    • Adjust the exchange rate for a journal line.
    • Analyze exchange rate differences.
  • Module 5: Do you want to analyze your business in another currency? If so, complete this module and find out how you can set up an additional reporting currency to display general ledger results in a currency other than the local one.
  • By the end of this module, you will be able to:

    • Discern why and when to use an additional reporting currency.
    • Set up the additional reporting currency.
    • Show general ledger results in the additional reporting currency.
    • Adjust exchange rates for the additional reporting currency.

Syllabus

  • Module 1: Set up currencies and exchange rates in Dynamics 365 Business Central
    • Introduction - Set up currencies
    • Enter currency exchange rates
    • Set up and use exchange rate services
    • Assign currencies to customers, vendors, and bank accounts
    • Check your knowledge
    • Summary
  • Module 2: Process sales and purchases in foreign currencies in Dynamics 365 Business Central
    • Introduction - Process sales and purchase documents in multiple currencies
    • Analyze customer and vendor ledger entries in foreign currencies
    • Exercise – Process a sales invoice
    • Check your knowledge
    • Summary
  • Module 3: Adjust exchange rates in Dynamics 365 Business Central
    • Introduction - Run the Adjust Exchange Rates batch job
    • Analyze the results of the Adjust Exchange Rates batch job
    • Exercise – Update the USD:EUR exchange rate
    • Check your knowledge
    • Summary
  • Module 4: Process foreign currency payments in Dynamics 365 Business Central
    • Introduction - Process payments and cash receipts in multiple currencies
    • Analyze the result of processing foreign currency payments on transactions
    • Check your knowledge
    • Summary
  • Module 5: Set up an additional reporting currency in Dynamics 365 Business Central
    • Introduction - Set up an additional reporting currency
    • Run a report in the additional reporting currency
    • Adjust exchange rates for the additional reporting currency
    • Exercise – Set up an additional reporting currency
    • Check your knowledge
    • Summary

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