Ability to turn Ledger settlement on or off
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
| Enabled for | Public preview | General availability |
|---|---|---|
| Users by admins, makers, or analysts | - | 
Jan 29, 2021 |
Business value
Currently multiple processes trigger the creation of ledger settlement records, even for customers who don’t use the Ledger settlement functionality (including Advanced ledger settlement). These records then impact the general ledger foreign currency revaluation by not revaluing any accounting entries marked as ledger settled. If you're not using Ledger settlement, you'll want all transactions to be revalued, which won't happen when transactions are ledger-settled. With an option to enable Ledger settlement, you can control whether foreign currency revaluation is impacted.
Feature details
A new option, Enable ledger settlement, has been added to General ledger parameters under the Ledger settlement table of contents. The default entry for this option is Yes, which doesn’t change existing functionality. If you choose not to use the Ledger settlement (including Advanced ledger settlement) functionality, you can change the parameter to No at any time. By changing the option to No, the general ledger foreign currency revaluation will revalue all foreign currency accounting entries in the general ledger (assuming they are set up for revaluation), even records that were previously marked as settled within the general ledger.
Also, various processes, such as reversing transactions, will no longer create ledger settlement records when the feature is turned off. You can also reenable the Ledger settlement feature at any time. When the feature is enabled, you still have the option to use either Ledger settlement or Advanced ledger settlement.