Currency process flow

Currency has three main processes which is also the organization of the Currency User Guide.

Setup

Because most currency calculations are automated, the Currency application requires mostly setup tasks. The setup tasks are divided into four sections:

  • Basic setup

  • Currency exchange setup

  • Triangulation setup

  • Translation setup

Processing

Currency consists of these processes:

  • Processing non-base currency journal entries (including entering, releasing, and posting non-base journal entries)

  • Performing period end tasks

Reporting

Currency reports enables you to print your currency setup information. Other reports in the General Ledger application allows you to view General Ledger information in different currencies.