Procedures in this chapter

Your currency setup requirements are dependent on the number of currencies your organization uses. If your organization conducts business in only one currency, then you are required to set up only one currency code. If your organization conducts business in more than one currency, your requirements will be more complex. Setup procedures are detailed in the Currency User Guide.

Defining currency codes	You must define at least one currency code. Define a base currency for your general ledger company before you define the company.
Defining a currency table	Conditional. You must define a currency table if you use multiple currencies. A currency table is a combination of currency relationships, exchange rates, and translation rates that can be used by one or more companies.
Defining currency relationships	Conditional. You must define a currency relationship for any business transaction that involves two currencies. This relationship specifies the rules to apply for transactions that involve both currencies.
Defining exchange rates	Conditional. You must define rates if you exchange or translate currency amounts. You use exchange rates to convert amounts from one currency to another.
Defining realized and unrealized gain and loss accounts	Conditional. You must define currency gain and loss accounts if you use revaluation. You use these accounts to post variance amounts when there is a difference between beginning and ending exchange rates for a transaction.