Tag Archives: Currencies

Inventory value in foreign prepayment scenarios

I have this client who operates in very specific conditions: majority of their vendors are foreign companies which invoice them in a foreign currency (USD) and almost invariably ask for at least 50% prepayment.

NAV can handle prepayments and foreign currencies like a charm—the issue lies elsewhere: the fluctuations of currency exchange rate can easily cause real and tangible losses.

Even though prepayment invoice is fully closed by a prepayment applied against it, the actual costs of goods is not calculated from prepayment invoice, but from the actual invoice. And if there was difference between currency exchange rate at prepayment and invoicing dates, the inventory value reflects the actual invoiced value (instead of the prepaid value), there is currency exchange gain/loss which is fictitious, but taxable.

Thankfully, there are ways to avoid this.

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Error With Exposing Currencies As Web Services

If you try exposing Page 5 Currencies as a Web service in Microsoft Dynamics NAV 2009, and then consuming this web service through a .NET application, you are almost guaranteed to encounter some unhelpful and generic XML errors that give you absolutely no clue about what exactly, where and why, went wrong.

Here’s an example of the error:

There is an error in XML document (1, 3634).

The error took me a while to debug and pinpoint the source, but in the end I managed to find a neat solution which I find worth sharing here, just in case somebody out there is scratching their had over it.

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