Specifying a Currency
You can specify which currencies are valid for an account.
Tip: When an amount is posted in a valid source currency, the system creates Source, Functional, and Equivalent fiscal sets to store original and converted currency amounts. You can save disk space by reducing the number of valid source currencies for an account.
Select the Multicurrency option for the account. This option appears only for multicurrency databases.
Important! After you select the Multicurrency option and save the account record, you cannot change the selection.
To specify a valid currency for an account:
-
Open General Ledger > G/L Accounts > Accounts.
- On the Currency tab:
Specify whether to allow posting from all currencies defined in Common Services, or only specific currencies.
Specify the default currency to appear during transaction entry.
- Use the table to specify:
- Each of the currencies in which you want to enter transactions (if you chose specified currencies)
Which currencies you want to revalue automatically for the account (if any).
Double-click or press the Spacebar to turn on Revaluation for a particular currency.
- Click Save.
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