Updates for Dynamics GP Currency Translation

Management Reporter CU11 contains updates for GP Currency Translation. Changes to how currency translation works for GP are:

• The account category is no longer required for Retained Earnings. The translation now uses the original document information to properly calculate the translated values.
• Posting to Retained Earnings is also now supported. The ability to isolate posting to Retained Earnings using the originating document information allows the balances to now properly translate.
• Expiration dates for all methods are now honored.
• The Average method, or Rate Average in Dynamics GP, will now use a rate defined in a prior period, as long as the rate is not expired.
• The quality issue surrounding using one rate for Retained Earnings has been addressed. 

We thank all the customers who provided feedback on these changes for Dynamics GP.

Comments

• Anonymous
  December 10, 2015
  Thank you.When a year-end close is performed, is the net income/loss amount translated to retained earnings at the average rate over the year?I had heard it was being translated at the 12/31 rate instead.