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BBCG.03.08.D365.2.PDF: Configuring the General Ledger within Dynamics 365 Finance (Second Edition)- Module 8: Configuring Currency Management (Digital)

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The Waterdeep Trading Company is the purveyor of all the finest adventuring supplies to travelers, rogues, wizards, and clerics in all Faerûn, and are headquartered in the great city of Waterdeep on the Sword Coast.

Recently they have been experiencing a huge upswing in the traffic through their store and have realized that the old quill and scroll-based financial system is not going to scale anymore. Their manual supply chain management processes that they are using will not handle their forecasted future demand.

As a result, they have taken the step to modernize their finance and supply chain systems and implement Microsoft Dynamics 365 to manage all their legal (and not so legal) entities. The following is a journal of how they set up their system and how they tweaked the system to make it work perfectly.

If we want to enter transactions in multiple currencies, we will want to take the time to configure the Currency Management features within Dynamics 365 Finance.  These will allow us to track transactions within multiple currencies, convert to base currencies, and even import the currency conversion rates from the internet automatically.

This module will show how to configure these features to convert from Dollars to Euros is not a chore.

Topics Covered

  • Adding Additional Currencies
  • Importing Currency Codes
  • Setting Currency Exchange Rates
  • Configuring the Default Exchange Rate Type
  • Posting Journals in other Currencies
  • Configuring Automatic Currency Exchange Rate Providers
  • Creating New Exchange Rate Types
  • Importing Currency Rates from the Exchange Rate Providers
Series: Dynamics Companions Bare Bones Configuration Guides
Guide:  Configuring the General Ledger within Dynamics 365 Finance
Module: 8 - Configuring Currency Management
Digital: 171 pages
Edition: Second
Publisher: Blind Squirrel Publishing (December 28, 2020)
Language: English

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