This blog will be about 3 of the new features in the d365 F&O General ledger module.
Enable dual currency functionality in GL consolidation
In General Ledger consolidation, a new option is added to consolidate either the accounting or reporting currency amounts from the source companies. If the accounting or reporting currency us the same as the accounting or reporting currency in the consolidation company, it will directly copy the amounts rather than translating them. In instances of multi-currency usage, this feature can be helpful.
Firstly, the feature must be enabled from the feature management tab.
After enabling the feature, the option to select the consolidation amount from either accounting currency or reporting currency would be available.
Statement of treasurer’s accountability report
This feature enables the statement of treasurer’s accountability report. The report presents information that’s used as often as daily by public sector treasurers. This report can help identify
discrepancies, unexpected balances, possible adjustments needed and other general audit functions thereby providing transparency and helping limit data entry mistakes.
The Feature ‘Statement of treasurer’s accountability report’ must be enabled from the feature management tab.
After enabling the feature. ‘Treasurer’s Statement of accountability’ will be available in the General Ledger tab and the user can define the parameters for the report. And the report will be generated.
Reverse GL foreign currency revaluation through batch processing
This new feature will change the reversal of the general ledger foreign currency revaluation to process through a batch. Processing the reversal through a batch will allow users to continue with data entry rather than waiting for the reversal to complete. This feature is dependent on the ‘mass reversal for multiple documents’ feature. So, that feature must be enabled first.
Upon enabling the feature, ‘Reverse transactions now will give the option to use ‘existing date’ for reversal, also reason comments can be provided.
In this blog, we have seen 3 handy features. Enabling dual currency functionality in GL consolidation, to run Statement of treasurer’s accountability report and Reverse GL foreign currency revaluation, these are just some of the new features in the general ledger module.