Upgrade Memo Currency (UMC)

Specify this information:

Ledger Code

The ledger for which the fourth currency values are required to be processed.

Currency Code Held In

Specify the analysis code that is currently used as a substitute fourth currency code for the memo value.

Retain Memo Amount

Select this option to retain the memo amount on each transaction.

Retain Ledger Analysis Code

Select this option to retain the currency code, in the appropriate analysis code, on each transaction.
Specify the fourth currency settings in Value 4:
4th Currency Value Name

A generic name given to the Value 4 currency value entered on posting transactions. For example, banking currency.

4th Currency Code

The code identifying the fourth currency if this currency is fixed. Leave blank if the fourth currency is to be defined as variable.

4th Currency Posting Rule
The posting rule that controls whether or not the currency value is required on each ledger posting transaction. Available options are:
- Undefined - this option prevents a fourth currency value being entered or imported on any transactions.
- Only present if entered - this option allows a fourth currency to be entered manually on a transaction. However, the value is optional, so if a fourth currency code is not entered a value is not calculated.
- Calculated if not entered - this option means the fourth currency value is mandatory. If the fourth currency code is entered, the currency value is calculated from whichever value is defined in the Fourth Currency Calculate From field.
4th Currency Calculate From

Choose the value from which the fourth currency is calculated. This must be the pivot currency.
Save your changes.