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5 Tips to understanding the Cash and Bank Foreign Currency Revaluation Process

Tip of the Day: If you use Microsoft D365 Finance and Supply Chain (D365 F&SC) to manage your cash and bank transactions, you may need to revalue them in different currencies. This process can be confusing and challenging, especially if you are not familiar with the settings and parameters involved. In this post, I provide you with 5 tips that will help you run the Cash and Bank Foreign Currency Revaluation Process smoothly and accurately.

 

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Tip 1: If using the Foreign Currency Revaluation process, you cannot post to the Bank GL account directly (Ledger to Ledger posting), you need to always post to the Subledger (Bank to Ledger) because the Bank ledger and subledger must always be in agreement.  If they are not, when you run the Foreign Currency Revaluation process in Bank and the Foreign Currency Revaluation process in GL, they will calculate different amounts and the ledger and subledger will not match.




 

Tip 2: If the currency on the Bank is the same as the Accounting currency, then, you do NOT run the currency revaluation.


Tip 3: If the currency on the Bank is the same as the Accounting currency, then, if you were to try to run the currency revaluation. The Bank will not show up in the list.

 

Tip 4: The numbers all come from the Bank Transactions (not the Trial Balance)




Tip 5: If you need to create a Bank Transaction without changing the Trail Balance, you create a General Journal and post from BANK to LEDGER.




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