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Management Reporter 2012 CU 11 – Updates for Dynamics GP Currency Translation

Sivakumar Venkataraman - Click for blog homepageManagement Reporter CU11 contains updates for GP Currency Translation. Changes to how currency translation works for GP are:

  • The account category is no longer required for Retained Earnings. The translation now uses the original document information to properly calculate the translated values.
  • Posting to Retained Earnings is also now supported. The ability to isolate posting to Retained Earnings using the originating document information allows the balances to now properly translate.
  • Expiration dates for all methods are now honored.
  • The Average method, or Rate Average in Dynamics GP, will now use a rate defined in a prior period, as long as the rate is not expired.
  • The quality issue surrounding using one rate for Retained Earnings has been addressed.

Hope thus helps…

Until next post!