Management Reporter CU7 announced support for currency translation for Dynamics AX 2012 customers. Customers on Dynamics AX 6.1 CU5 or AX 6.2 CU2 or later will have the fields required for users to be able to view their data in both functional and reporting currencies from the web viewer. Customers will have increased flexibility in viewing actual, budget, budget control and budget planning data in multiple currencies.
This blog is the first in a series of three blogs that showcase the functionality in Management Reporter and Dynamics AX 2012.
The first step in preparing to view financial reports in multiple currencies it to understand how exchange rates are calculated. There are four options in Dynamics AX 2012 for calculating exchange rates in Management Reporter:
The second step in preparing to view your financial reports in multiple currencies is to complete the required setup in Dynamics AX 2012.
Two fields have been added to the Main Accounts and Main Account Templates in the Management Reporter fast tab:
For budget, budget control and budget planning data, define the Exchange rate type in the Ledger.
Now that you understand how exchange rates are calculated and how to set up Dynamics AX 2012 for translation you are ready for reporting.