See VAT entries in their original currency
Elevate Reporting FCY adds foreign currency visibility to VAT entries in Business Central. See the original currency amount and code alongside converted values. Assign currencies to VAT statement lines and compare multi-currency VAT data. Built by Equerra.
VAT entries lose their currency context
When Business Central converts foreign currency transactions, the original currency amount disappears from VAT entries. You only see the local currency value, making it difficult to reconcile with the actual invoices and payments in their original currencies.
Original amounts are hidden
VAT entries in Business Central show only the converted local currency amount. The original foreign currency value is lost, making it impossible to reconcile against source documents without going back to the invoice.
No currency filtering on VAT statements
Standard VAT statements in BC do not let you filter by currency. All currencies are mixed together, making it difficult to isolate foreign currency transactions during VAT return preparation.
Exchange rate variances are invisible
Without seeing original and converted amounts side by side, exchange rate variances in VAT entries go unnoticed. You cannot spot conversion errors until they surface during an audit.
Foreign currency visibility for VAT reporting
Elevate Reporting FCY restores the currency context that Business Central strips away during conversion. See original amounts, currency codes, and compare across currencies.
FCY Amounts on VAT Entries
See the original foreign currency amount on every VAT entry alongside the converted local currency value. Know exactly what was invoiced or paid in the original currency.
Currency Code Display
The currency code is displayed on VAT entries so you can immediately identify which currency each entry was originally transacted in.
Currency on VAT Statement Lines
Assign currency codes to VAT statement lines to filter and view your VAT statement by currency. Simplifies reconciliation during VAT return preparation.
Multi-Currency Comparison
View VAT entries across multiple currencies side by side. Compare original and converted values and identify exchange rate variances in your VAT reporting.
Built for multi-currency businesses
Elevate Reporting FCY is designed for businesses that transact in multiple currencies and need clear visibility into their VAT entries.
International Traders
Businesses buying and selling in multiple currencies need to see original amounts alongside converted values for accurate reconciliation
Finance Teams
Accountants preparing VAT returns can filter by currency and reconcile foreign currency transactions without exporting to spreadsheets
Importers and Exporters
Verify that foreign currency invoices were converted correctly and identify exchange rate variances across VAT periods
Multi-Currency Operations
Businesses operating across AU and NZ or other currency regions can compare VAT entries in their original currencies
Auditors
Clear visibility into original currency amounts supports audit requirements for multi-currency transaction verification
Tax Advisors
Review client VAT entries with full currency context to identify potential issues with foreign currency tax treatment
From install to currency visibility
Install the extension
Install Elevate Reporting FCY into your Business Central environment. No configuration of currencies needed as it uses your existing currency setup.
FCY fields appear
Foreign currency amount and currency code fields appear on your VAT entries automatically. New and historical entries show the original currency information.
Assign currencies
Assign currency codes to your VAT statement lines to filter and view your VAT statement by currency during return preparation.
Compare and reconcile
Use multi-currency comparison to view entries across currencies side by side. Spot exchange rate variances and reconcile with confidence.
Simple, transparent pricing in NZD
Choose the tier that matches your reporting needs. All prices are in New Zealand dollars with monthly and annual options.
Silver
or $800/yr
- FCY Amounts on VAT Entries
- Currency Code Display
Gold
or $1,500/yr
- Everything in Silver
- Currency on VAT Statement Lines
Platinum
or $2,300/yr
- Everything in Gold
- Multi-Currency Comparison Reporting
Common questions about Elevate Reporting FCY
What does Elevate Reporting FCY show on VAT entries?
Elevate Reporting FCY adds the original foreign currency amount and currency code to VAT entries in Business Central. Instead of only seeing the converted local currency value, you can see what was actually invoiced or paid in the original currency alongside the converted amount.
Does it change how VAT is calculated?
No. Elevate Reporting FCY is a reporting extension only. It does not change any VAT calculations, posting logic, or tax rules in Business Central. It adds visibility into the original foreign currency amounts that Business Central already processes but does not display on VAT entries.
Can I assign currencies to VAT statement lines?
Yes. The Gold tier and above include the ability to assign currency codes to VAT statement lines. This lets you filter and view your VAT statement by currency, making it easier to reconcile foreign currency transactions during VAT return preparation.
What is multi-currency comparison reporting?
Multi-currency comparison reporting in the Platinum tier lets you view VAT entries across multiple currencies side by side. Compare the original foreign currency amounts against local currency values and identify exchange rate variances across your VAT reporting.
Which currencies are supported?
Elevate Reporting FCY works with any currency that is configured in your Business Central environment. It reads the currency information from existing transactions so there is no additional currency setup required.
Is this useful for businesses that only trade in one currency?
Elevate Reporting FCY is designed specifically for businesses that deal in multiple currencies. If your business only operates in a single currency, you would not see additional value from this extension.
Other extensions from the Elevate suite
Ready to see your VAT in the right currency?
Talk to us about adding foreign currency visibility to your VAT reporting. We can show you how Elevate Reporting FCY works with your Business Central data.