Currency

Currencies are set up and maintained in Currency Maintenance. Currency exchange rates are set up and maintained in Currency Exchange Rate Maintenance.

A default currency is defined in Ledger Maintenance. This currency becomes the standard currency in which your company does its business. Any transactions that take place in a currency other than the default currency are converted to the general ledger default currency during general ledger posting.

To select a currency other than the default, click the button to display a Lookup window that lists available currencies, then double-click to select a currency.