Exercise - Set up an additional reporting currency
This exercise is written to use the Cronus sample company from the US version of Business Central. You might need to make adjustments to the steps if you use the sample company from your country or region.
Scenario
CRONUS is expanding and opening a European branch. Therefore, they need to analyze their business in both US dollars (USD) and in euros (EUR).
You are asked to set up EUR as an additional reporting currency.
Task
Set up EUR as an additional reporting currency.
Steps
Select the Search for Page icon in the top-right corner of the page, enter currencies, and then select the related link.
Select Edit.
Expand the Reporting FastTab.
In the Realized G/L Gains Account field, select 40500.
In the Realized G/L Losses Account field, enter 40500.
In the Residual Gains Account field, select 61900.
In the Residual Losses Account field, select 61900.
Return to your role center.
Select the Search for Page icon in the top-right corner of the page, enter general ledger setup, and then select the related link.
Expand the Reporting FastTab.
In the Additional Reporting Currency field, enter EUR and then press Enter.
On the Adjust Add. Reporting Currency page, confirm EUR as the additional reporting currency.
In the Document No. field, enter ACY001.
In the Retained Earnings Acc. field, enter 30200.
Select OK.
Select Yes on the message on analysis view entries.
To check the result, follow these steps:
Select the Search for Page icon in the top-right corner of the page, enter account schedules, and then select the related link.
Select the line M-BALANCE.
Select Process > Overview.
Select the Show Amounts in Add. Reporting Currency field.