Multicurrency Expiry Date

  • Multicurrency Expiry Date

    Posted by Michael Connolly on May 4, 2017 at 6:03 pm
    • Michael Connolly


      May 4, 2017 at 6:03 PM

      We have a AP batch with a transaction that contains an error, which is “exchange rate has expired.” In this case, the Trx doc date is after the exchange rate expiry date. Can we extend the expiration date for the applicable exchange rate, to say the end of 2017, without causing other issues in the system (Dynamics GP 2013)? — Thank you in advance!

      Mike Connolly
      ERP Admin
      MPS Group, Inc.
      Farmington Hills, MI

    • Vaidhy Mohan


      May 5, 2017 at 2:36 AM

      Hi Mike,

      Usually in such cases, we take an approach to select most recent exchange rate in the system and post the transaction, instead of touching the exchange rate table. This works well if the rate does not fluctuate much. You won’t have asignificantgain/loss.

      However, if therateis highly fluctuating, you mayoverride the exchange rate on the transaction by simply changing the rate with a least decimal value and not add that to the exchange table. For instance, if the expired exchange rate on the transaction is 0.0897, you may simply override that with something like 0.089701.

      I’d probably update the exchange table only if it is necessary and unavoidable.

      Vaidhy Mohan
      Senior Consultant | Scope Systems
      Perth, WA

    Michael Connolly replied 6 years, 4 months ago 1 Member · 0 Replies
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