Configure currencies in Dynamics 365 Finance
In today's global market, businesses receive and send payments using different currencies. Exchange rates must be managed properly to lower the monetary loss when accepting multiple currencies. Understanding how to forecast the amount of loss or gain caused by changes in exchange rate values can help you make smart business decisions to handle cash discounts and payments.
Learning objectives
In this module, you'll learn about:
- Different types of currencies in Finance.
- The concept of triangulation currency.
- How to set up legal entity currencies and conversions.
- How to configure exchange rate providers.
- How to import exchange rates from providers.
Prerequisites
- A basic understanding of finance and accounting processes.
- The ability to use Dynamics 365 Finance for basic processing.
- General knowledge of basic navigation in Dynamics 365 Finance.