Dynamics NAV Multi-Currency

A global operation is not without its challenges and many ERP systems are not equipped to simplify these complications. Dynamics NAV, however, is the solution for managing the resources of your global enterprise. Your firm can work without barriers across the global market. Invoicing, payments, foreign accounting standards, financial reporting, payables, receivables, general ledger reports, bank accounts and inventory will take into consideration an unlimited number of currencies and improve financial efficiency. Built-in intelligence tools will further enable you to manage your global business.

Compliance Support

Help simplify compliance with FASB and IAS guidelines by specifying translation methods for foreign currency statements.

International Account Management

Specify a default currency for each customer or vendor account, and manage the entire account in that currency, including invoicing and payments. View all payable and receivable accounts in both local currency and the foreign currency in which the transaction was made. Inter-company transactions and reporting: Create and distribute inter-company transactions-including sales and purchase documents and general ledger entries-with support for multiple currencies.

Business Intelligence

Monitor currencies and spot trends by generating standard, ad-hoc, and analytical reports with Microsoft SQL Server Reporting Services. Easily explore data to Excel to create detailed reports, evaluate trends, and share the information with coworkers.

Realized Gains and Losses Tracking

Automatically track and record realized gains and losses for sales and purchases due to the effect of changes in exchange rates.

Exchange Rate Tracking

Set up relational exchange rates in the format applicable I your country. Define specific exchange rates for daily transactions and for the adjustment of balances sheet accounts in a specified period. Track the date and time of exchange rates used in multi-currency transactions to facilitate audits.

Multi-currency Support

Show multi-currency activity in financial reports or translate existing reports into multiple currencies to share information with associates around the world. Enable global partners and stakeholders to view balances online and print financial reports for up to two currencies simultaneously. Maintain the general ledger in two different currencies or maintain a foreign currency as your base currency to align your accounts with the currency used by your parent company.

Currency Rate Definitions

Define an unlimited number of currencies and exchange rates per currency, or set specific rates as needed for individual companies, contracts, or transactions.