Defining account currency

Your company may need to post nonbase currency amounts to specific accounts. For example, a US company has a bank account in Germany and wants to post all transactions for that bank account to an account that stores only Euros. This procedure outlines the process of assigning a non-base currency to an account.

Note: Account currency can be reported on with Report Writer, using data dictionary names with the suffix CUR.

Accounts to which you assign a currency must exist in the chart of accounts that the company is using. For more information about defining General Ledger accounts, see the General Ledger User Guide.

You can define an account currency in one of three ways:


Defining an account currency for a specific accounting unit	See Defining an account currency for a specific accounting unit.
Defining an account currency for a specific posting account	See Defining an account currency for a specific posting account.
Defining an account currency for a specific detail account	See Defining an account currency for a specific detail account.