Purpose
To set the Currencies used in FA. The currencies table that stores the data.
Procedure
Banking and General Ledger -> Currencies
Tips and Tricks
- Setup Exchange Rates for each foreign currency.
- Set your Home currency in Setup -> Company Setup.
Development Notes
When auto_update field is set for a currency, exchange rate is retrieved automatically from remote service and stored in exchange_rates table when used in a transaction. Otherwise user must set the rate manually before first transaction using the currency on date.