September 18th, 2012 by Mohamed Aamer

The currency revaluation is a business needs in organizations which perform transactions in more than one currency, and need to revaluate the balances between the company default currency and other currencies.

The exchange rates in MS Dynamics AX 2009 have been enhanced in the new version of MS Dynamics AX 2012 which is known as currency revaluation. Currencies revaluation management in MS Dynamics AX 2012 has basic configurations, setup, daily transactions, and monthly procedures.

In this post I will explore configurations, and setups which are required in the deployment phase before going live, the application consultant and controller working together in the design phase to identify these required information.

The first setup is create the currencies codes, symbol, currency code, and rounding

General ledger->Setup->Currency->Currencies

MS Dynamics AX 2012 - Currency revaluation

Set the legal entitiy default currency

MS Dynamics AX 2012 - Currency Accounts

Create exchange rate types; MS Dynamics AX 2012 gives facility to have more than one type for exchange rates

MS Dynamics AX 2012 - Currency Revaluation

Currency revaluation accounts, where identify the relevant account for realized gain, and loss, unrealized gain, and loss.

MS Dynamics AX 2012 - Currency Accounts

 Realized loss  The ledger account to which realized losses in the selected currency are posted.
 Realized profit  The ledger account to which realized gains in the selected currency are posted.
 Unrealized loss  The ledger account to which unrealized exchange adjustment losses for open transactions, in the selected currency, are posted.
 Unrealized profit  The ledger account to which unrealized exchange adjustment gains for open transactions, in the selected currency, are posted.

Setup the ledger accounts to apply the currency revaluation (adjustment) when run the revaluation jobs, on the ledger account setup mark foreign currency revaluation, and monetary check box as well

MS Dynamics AX 2012 - Currency Accounts

User group: DynamicsArabia

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