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Microsoft Dynamics NAV
book

Microsoft Dynamics NAV

by Alex Chow, Laura Nicolàs Lorente, Cristina Nicolàs Lorente, Vjekoslav Babić, David Roys, David Studebaker, Christopher Studebaker, Mark Brummel
March 2017
Intermediate to advanced
1235 pages
28h 42m
English
Packt Publishing
Content preview from Microsoft Dynamics NAV

Multi-currency system

NAV was one of the first ERP systems to fully implement a multi-currency system. Transactions can start in one currency and finish in another. For example, we can create the order in US dollars and accept payment for the invoice in Euros. For this reason, where there are money values, they are generally stored in the local currency (referenced as LCY) as defined in the setup. There is a set of currency conversion tools built into the applications and there are standard (by practice) code structures to support and utilize these tools. Two examples of code segments from the Sales Line table illustrating handling of money fields follow:

In both cases, there's a function call to ROUND and use of the currency specific Currency ...

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Publisher Resources

ISBN: 9781788298704