Setting the multi-currency ledger requirements

There are, however, some options that must be set using Ledger Setup (LES) to control the Financials multi-currency processing.

Ledger Setup options allow you to determine:

• The currency value to be used for payments (this setting can be changed for each payment run).
• The currency conversion rate to be used to consolidate the ledger.
• How currency revaluation gains or losses should be posted.
• Whether or not asset register values should be maintained in second base or reporting currency.

If you are using Financials as a Broker Ledger, it is also used to determine whether the currency revaluation process includes or excludes true-rated transactions.