Specifying Currency Information

The "functional currency" is the home currency in which the company books are kept.

• You select the functional currency for your Sage ERP Accpac database in the Company Profile form in Common Services when you first set up your Sage ERP Accpac system.

• You cannot change the functional currency once you have selected it.

For more information, see the System Manager Help.

The Multicurrency option for Purchase Orders is set by Accounts Payable  

The Processing tab in the P/O Options form indicates whether your Purchase Orders system is multicurrency or single-currency. The setting depends on your selection in Accounts Payable. If Accounts Payable is multicurrency, Purchase Orders is multicurrency also. If Accounts Payable is single-currency, Purchase Orders is single-currency. You cannot change either of these fields.

Information about creating multicurrency records is included throughout these Help topics in discussions of records and activities affected by currency. For a summary of the steps to take to set up a multicurrency ledger, see Using multicurrency accounting in Purchase Orders.

Default rate type. If the Multicurrency option is turned on, the company's default rate type for converting source-currency amounts to functional-currency equivalents is displayed. You can select a different default rate type to use for Purchase Orders.

You can change the default rate type at any time. You can also select different rate types for individual transactions as you enter them.

The default rate type is displayed on transactions you enter for multicurrency vendors you have not yet added to Accounts Payable. You can assign another rate type for the transaction.

Return to Selecting Processing options.