Perform a ledger exchange adjustment

Perform a ledger exchange adjustment

Dynamics AX 4.0

When you use different currencies, you might need to make adjustments to the ledger accounts to recognize differences in exchange rates.

Set up accounts for exchange adjustments

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Before you can create a ledger exchange adjustment, you must set up the accounts to allow exchange adjustments to be posted to the accounts.

1. Click General ledger > Chart of accounts.

2. Select an account that includes foreign currency transactions and that is one of the following account types:

   • Profit and loss

   • Revenue

   • Cost

   • Balance

   • Asset

   • Liability

3. On the General tab for the selected account, select the Exchange adjustment check box.

   Note
   You must select each ledger account that has transactions or balances in foreign currencies if a specific exchange adjustment is to include all possible adjustments.

4. Click General ledger > Setup > Exchange rates to open the Exchange rates form.

5. Click the Posting tab and select the ledger accounts that the exchange adjustment transactions are posted to—usually profit and loss accounts.

Create a ledger exchange adjustment

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Use the Exchange adjustment form to create a ledger exchange adjustment to update balances that are in the company's currency to current exchange rates.

1. Click General ledger > Periodic > Exchange adjustment.

2. Specify the beginning and ending ledger accounts, dates, and currency codes to include in the adjustment.

3. Select the Adjust profit & loss accounts check box to adjust balances in profit and loss accounts.

Select the Adjust balance sheet accounts check box to adjust the balances of balance sheet accounts.

1. Click OK to adjust the ledger exchange.