(POL) Set up bank parameters

Important

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Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

You can set up a method to calculate exchange rate differences in the Cash and bank management parameters form.

Note

This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.

Click Cash and bank management > Setup > Cash and bank management parameters.
In the Cash and bank management parameters form, click the General link. On the General tab, in the Exchange differences type field, select one of the following calculation methods:
- FIFO - Settle expenditure transactions that have an earlier transaction date, with earlier receipt transactions according to the first in, first out principle.
- LIFO - Settle expenditure transactions that have a more recent transaction date, with later receipt transactions according to the last in, first out principle.
Note

Only those bank transactions that are assigned the same registration currency code are settled.
Click the Number sequences link. In the Number sequence code field, select a number sequence code for the Bank - Exchange adjustment (FIFO/LIFO) reference type. This number sequence is assigned automatically when you post exchange rate adjustments to the general ledger.

See also