GL Revaluation with Business Central by Compusoft Advisors.

Microsoft Dynamics 365 Business Central – GL Revaluation

International businesses are bound by financial guidelines to maintain an accurate record of the value of all open transactions in their reporting currency. Transaction risk, or the resulting impacts of fluctuations in exchange rates on the companies’ account books, applies to payables and receivables that must be settled in foreign currencies.

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salesteam@compusoftadvisors.com

To address this problem, the organization employs a procedure of foreign currency revaluation. The value of all open transactions is converted into the reporting currency at the conclusion of each accounting period using the current spot exchange rate. The differences in the value of the company’s financial assets and liabilities as a result of these revaluations are recorded as “unrealized gains and losses.”

In short, the manual process of doing the revaluation is lengthy, which increases the human error. Unable to complete the process within time frame which leads to dependency.

Compusoft Advisors understand the challenges faced by the customer and developed a customised solution for GL-Revaluation in Microsoft Dynamics 365 Business Central. This foreign currency revaluation will help the customer to deliver the desire result with actual value.

Microsoft Dynamics 365 Business Central – GL Revaluation

From Date and To Date

From Date of Rate

Legal Entity

Currency to Revalue

In order to keep track of the history of each run, a record will be made after the foreign currency revaluation procedure is finished. There will be distinct records made for each reporting layer and legal entity. Further Unrealized gain or loss transactions will be made in the General Ledger.

Manual process
Multiple steps and complex process to be followed to do the revaluation
During the revaluation, possibility of human error in the entry.

Accuracy in revaluation
Increased efficiency
Calculate and Automate in unrealized gain/loss
Customer can have a separate log table which includes history of all entries of rejection posted.

Create an accounting entry in the General ledger
Reflect the unrealized gain or loss
The system will give accuracy, and this will improve efficiency
Reduction in manual works

Customers from any Business Industry Vertical
SMB, Mid-market, Enterprise, Large Enterprise segment customers
Customers using Microsoft Dynamics 365 Business Central
Customers planning to implement Business Central

Manual process
Multiple steps and complex process to be followed to do the revaluation
During the revaluation, possibility of human error in the entry.

Accuracy in revaluation
Increased efficiency
Calculate and Automate in unrealized gain/loss
Customer can have a separate log table which includes history of all entries of rejection posted.

Create an accounting entry in the General ledger
Reflect the unrealized gain or loss
The system will give accuracy, and this will improve efficiency
Reduction in manual works

Customers from any Business Industry Vertical
SMB, Mid-market, Enterprise, Large Enterprise segment customers
Customers using Microsoft Dynamics 365 Business Central
Customers planning to implement Business Central

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