Multi-currency journal presets

In a multi-currency environment, you can use Journal Presets (JNP) to predefine some of the currency details for each line of a journal.

For each of the four currency values that can be entered or calculated for a journal line, depending on the business unit currency rules, you can predetermine any of the following details:

  • currency code (for the transaction currency or fourth currency values only)
  • rate from pivot - the conversion rate to be used for the line
  • amount.

For example, if you regularly repay part of a loan in euros that requires a fixed currency conversion rate, you might preset the transaction currency code to EUR and currency rate accordingly.

You can also preset the memo value, if required.

You can control whether or not these preset values can be overridden on Ledger Entry using the Enforce Presets option on Journal Presets (JNP).