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Launching December 1, Cloud Advocate April Dunnam hosts The Low Code Revolution, a weekly series that helps you build apps and automation with low code tools.Ĭloud Advocate Christina Warren is also launching a new show, The Download. We have a lineup of new shows coming soon covering popular topics such as Microsoft’s Power Platform. Shows are where you’ll find weekly, episodic content brought to you by product engineers, cloud advocates, and more, including the immensely popular Azure Friday, CodeStories, and Tabs vs Spaces. If you can’t join us live, you can watch at your convenience on demand. At Events you’ll find our live streams where you can interact in real time with technical experts in chat. Amount Precision field setup of 0.01, the system calculates the amount in local currency as 76,960.12.With this move, we’ve streamlined the experience and videos are now searchable alongside our hugely popular documentation and Microsoft Learn content, and can now be added to your official Learn Collections. In this case, the amount (LCY) in the first example is calculated as 76,960.124999999999935584.
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Sometimes, the calculated LCY figure has to be truncated to two decimal places. Only the common principles of decimal rounding are used. This result occurs because the third decimal character is greater than 5. Rounding Precision field setup of 0.01, the system calculates the amount in local currency as 76,960.13. Note If the Fix Exchange Amount option is set toīoth, the following calculation method is adopted.Īmount (LCY) = (Amount (FCY) / Exchange Rate) x Relational Exchange RateĪmount (LCY) = (20,250 (FCY) / 1) x 3.8005 = 76,960.125īy using the Appln. Rounding Precision field setup of 0.01, the system calculates the amount in local currency as 10.13. Only the common principles of decimal rounding are used.Īmount (LCY) = Amount (FCY) / (Exchange Rate / Relational Exchange Rate)Īmount (LCY) = 5 (FCY) / (1 / 2.0252) = 10.12600000īy using the Appln. This result occurs because the third decimal character is less than 5. Rounding Precision field setup of 0.01 is used, and the system calculates the amount in local currency as 76,960.12. Note The following calculation method is adopted when the Fix Exchange Amount option is set to Currency.Īmount (LCY) = Amount (FCY) / (Exchange Rate/Relational Exchange Rate)Īmount (LCY) = 20,250 (FCY) / (1 / 3.8005) = 76,960.1249999īy default, the Appln. Rounding Precision field, consider again the scenarios that were mentioned earlier. To illustrate how the currency factor is determined in table 330 and to illustrate how rounding occurs in theĪppln. Microsoft Dynamics NAV was designed in this manner because it was decided that the system should not forcibly apply any rounding principles for transactions that are posted from the subledger. For example, you cannot specify a rounding type of nearest, up, or down.
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Notice that you cannot specify a rounding type for the Appln. Otherwise, the decimal will be rounded down. If the decimal digit is greater than or equal to 5, the decimal will be rounded up. According to these rules, if the user wants to round to two digits, and if there are three decimal digit figures, the direction of the rounding depends on what the third decimal digit is. This field considers the common rules of decimal rounding. Rounding Precision field can be made visible from the General Ledger Setup menu. When you examine these two scenarios, you see that the direction of the rounding is not necessarily either up or down. Microsoft Dynamics NAV correctly rounds this amount to 10.13. The conversion calculated amount (LCY) for this transaction is 10.126. You set the transaction amount at 5.00 (FCY). You set the transaction exchange rate at 2.0252 LCY to the FCY. You then round this value up and arrive at a final value of 76,960.13. However, if you make the calculation manually, you arrive at a value of 76,960.125. The conversion calculated amount (LCY) for this transaction is 76,960.12. You set the transaction amount at 20,250.00 (FCY). You set the transaction exchange rate at 3.8005 LCY to the FCY. You use General Journal to create a transaction with customer 01121212. When you post foreign-currency-related transactions in Microsoft Dynamics NAV, some rounding errors occur.įor example, consider the following scenarios.
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This article discusses how Microsoft Dynamics NAV converts foreign currency (FCY) to the local base currency (LCY). All references to Microsoft Business Solutions-Navision or to Microsoft Navision 4.0 pertain to Microsoft Dynamics NAV. Microsoft Business Solutions-Navision 4.0 and Microsoft Navision 4.0 are now part of Microsoft Dynamics NAV 4.0. How Microsoft Dynamics NAV converts foreign currency to the local base currency