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Reporting currency in Navision & BC 365 In Business central 365, the values can be recorded in local currency as well as in reporting currency. In multinational business, we generally need to maintain the transactions in local currency as well as in HO currency also. Suppose, an MNC has business in India, UAE, and the USA, in this case, the transactions related to respective countries need to maintain in INR, AED, and USD, whereas the reporting currency needs to maintain in USD only. BC 365 has provision for this, in General Ledger setup user can do the setup related to local currency as well as reporting currency. For better understanding, I have taken the screenshot from BC 365 General Ledger setup which s as follow:- As highlighted, we have LCY (Local Currency) as well as Additional Reporting Currency in General Ledger setup. As per the example given above, the system can maintain transactions in local currency and can convert the same in Add...
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