Defining an account currency for a specific detail account

Use this procedure to define an account currency for a single detail account within a chart of accounts.

  1. Access Chart of Accounts (GL00.1). Click the Accounts link in the appropriate summary account line to access Detail Accounts (GL00.3).
  2. On GL00.3, select the More link in the detail account line you want to assign a currency to, and open Account Information (GL00.4).
  3. Choose the Currency tab to define the account currency.

    Use these guidelines to specify the field values:

    Account Currency

    Select the currency that you want to assign to the account.

    Note: If you select an account currency in this field, then the currency is assigned for all the companies and accounting units that use this chart of accounts. You can override the detail account currency on Posting Accounts (GL20.2).
    Currency Control

    If you select Yes in the Currency Control field, then transactions can be specified in the account currency only. If you select No, then transactions in other currencies can be converted to the account currency and posted to the account.

    Translation Code

    Specify or select a translation code. The translation code identifies the translation rate used to calculate the account balance when translating to another company.

    Revalue

    Select Yes in the Revalue field to have transactions in this account revalued when using Currency Revaluation (GL191). See Revaluing currency.