Defining an account currency for a specific accounting unit

Use this procedure to define an account currency applicable to all the accounts in an accounting unit.

  1. Access Accounting Units - Accounts (GL20.1) and inquire on the company and accounting unit for which you want to define an account currency.
  2. Define the account currency. Use these guidelines to specify the field values:
    Account Currency

    If you leave the Account Currency field blank, then the balances are stored in the company base currency.

    Note: The account currency defined here becomes the default account currency for accounts added to the accounting unit in the future. If you change the account currency on this form, then the new account currency will not override the account currency on any existing accounts. If necessary, change the account currency for individual posting accounts within the accounting unit.

    See Defining an account currency for a specific posting account.