D365 Finance & Operations and Dynamics AX Forum

Well I tested and would like to reconfirm that it wont be possible to make a journal entry or to upload with Accounting currency 'Zero" and reporting currency value as $1000

Scenario is
We have Entity in Australia under Australian Dollar as accounting currency and reporting currency is USD, there are some adjustment required in USD per USA GAAP which wont impact AUD, 

Whats the best way to account for 

Would like to hear the feed back
thanks and kind regards

In D365F&O, you can post entries to adjust just the reporting currency. Navigate to General Ledger>Journal Entries>Reporting Currency Adjustment Journals

This will allow you to post entries which adjust your USD reporting currency GL balances without affecting your AUD accounting currency balances.

------------------------------
Steve Latta
Accountant
Ortec, Inc.
Easley SC
------------------------------

Original Message:
Sent: Nov 21, 2022 02:21 PM
From: Najeem JanatAli
Subject: Accounting currency value ZERO and reporting currency value in $

Well I tested and would like to reconfirm that it wont be possible to make a journal entry or to upload with Accounting currency 'Zero" and reporting currency value as $1000

Scenario is
We have Entity in Australia under Australian Dollar as accounting currency and reporting currency is USD, there are some adjustment required in USD per USA GAAP which wont impact AUD, 

Whats the best way to account for 

Would like to hear the feed back
thanks and kind regards

What about when creating journals in Eliminations using elimination rules?

------------------------------
Margie Ankrum
POWER Engineers, Inc.
Hailey ID
------------------------------

Original Message:
Sent: Nov 22, 2022 09:28 AM
From: Steve Latta
Subject: Accounting currency value ZERO and reporting currency value in $

In D365F&O, you can post entries to adjust just the reporting currency. Navigate to General Ledger>Journal Entries>Reporting Currency Adjustment Journals

This will allow you to post entries which adjust your USD reporting currency GL balances without affecting your AUD accounting currency balances.

------------------------------
Steve Latta
Accountant
Ortec, Inc.
Easley SC

Original Message:
Sent: Nov 21, 2022 02:21 PM
From: Najeem JanatAli
Subject: Accounting currency value ZERO and reporting currency value in $

Well I tested and would like to reconfirm that it wont be possible to make a journal entry or to upload with Accounting currency 'Zero" and reporting currency value as $1000

Scenario is
We have Entity in Australia under Australian Dollar as accounting currency and reporting currency is USD, there are some adjustment required in USD per USA GAAP which wont impact AUD, 

Whats the best way to account for 

Would like to hear the feed back
thanks and kind regards

Margie, great idea

Any scenario can you share

thanks
Original Message:
Sent: Nov 23, 2022 01:32 PM
From: Margie Ankrum
Subject: Accounting currency value ZERO and reporting currency value in $

What about when creating journals in Eliminations using elimination rules?

------------------------------
Margie Ankrum
POWER Engineers, Inc.
Hailey ID

Original Message:
Sent: Nov 22, 2022 09:28 AM
From: Steve Latta
Subject: Accounting currency value ZERO and reporting currency value in $

In D365F&O, you can post entries to adjust just the reporting currency. Navigate to General Ledger>Journal Entries>Reporting Currency Adjustment Journals

This will allow you to post entries which adjust your USD reporting currency GL balances without affecting your AUD accounting currency balances.

------------------------------
Steve Latta
Accountant
Ortec, Inc.
Easley SC

Original Message:
Sent: Nov 21, 2022 02:21 PM
From: Najeem JanatAli
Subject: Accounting currency value ZERO and reporting currency value in $

Well I tested and would like to reconfirm that it wont be possible to make a journal entry or to upload with Accounting currency 'Zero" and reporting currency value as $1000

Scenario is
We have Entity in Australia under Australian Dollar as accounting currency and reporting currency is USD, there are some adjustment required in USD per USA GAAP which wont impact AUD, 

Whats the best way to account for 

Would like to hear the feed back
thanks and kind regards