Currency Setup
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Currency Setup
- 2 Minutes to read
- Print
- DarkLight
- PDF
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Set up currency and currency types on the Currency Setup page by navigating to Maintenance > Currency > Currency Setup.
The Currency Setup page comprises two tabs:
- Currency
- Currency Type
On the Currency tab, you can perform actions such as Add, Edit, Delete, Currency Lookup, Filter, Print, or Export.
Add
- Navigate to Maintenance > Currency > Currency Setup.
- Click the Add icon.
- Enter the Currency Code to identify the currency, for example, USD.
- Enter the Currency Name to identify the currency, for example, U.S. Dollars.
- Click the Save icon.
Edit
- Navigate to Maintenance > Currency > Currency Setup.
- Select a Currency from the list that you want to modify and click the Edit button.
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- Edit the fields and click the Save icon.
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Delete
- Navigate to Maintenance > Currency > Currency Setup.
- Select a Currency from the list that you want to delete and click the Delete button.
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- Click Delete to confirm deletion.
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- A confirmation message appears on the successful deletion of Currency.
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Currency Lookup
The Currency Lookup option offers search functionality for looking up currencies.
- Navigate to Maintenance > Currency > Currency Setup.
- Click Currency Lookup.
- Select currencies from the list. Alternatively, you can search for currencies by entering either the Currency Code or Currency Name.
- Click Save.
- The selected currencies are now displayed at the top of the page.
Apply Filter
Click Apply Filter to find out currencies based on Currency Code, Currency Name, Created Date, Created By, Modified Date, or Modified By..png)
Click Print to print the currency report..png)
Export as Excel
Click Export as Excel to export the currency report in Excel.
Currency types play a vital role in the currency conversion process, where accounts are converted using defined rate types. These currency types are associated with Natural Accounts, and it's common for various types of Natural Accounts to be converted with different rate types.
Add
- Navigate to Maintenance > Currency > Currency Setup.
- Click Currency Type.
- Click the Add icon.
- Enter the Currency Type Code, for example, balance.
- Enter the Currency Type Name, for example, the end of month rate.
- Click Save.
- The currency type is added to the list.
Edit
- Navigate to Maintenance > Currency > Currency Setup.
- Click Currency Type.
- Select a currency type from the list and click the Edit icon.
- Edit the fields and click the Save icon.
- The Currency Type has been successfully updated, and a confirmation message has been received.
Delete
- Navigate to Maintenance > Currency > Currency Setup.
- Click Currency Type.
- Select a currency type from the list that you want to delete and click the Delete icon.
- Click Delete.
Apply Filter
Click the Apply Filter icon to search for currency types based on Currency Type Code, Currency Type Name, List in Exchange Rate, Created Date, Created By, Modified Date, or Modified By.
Click the Print icon to print the currency type report.
Export as Excel
Click the Export as Excel icon to export the currency type list report in Excel.
List in Exchange Rate
- Navigate to Maintenance > Currency > Currency Setup.
- Click Currency Type.
- Select the currency type from the list that you want to modify. Then, click List in Exchange Rate.
4. Select the required options (Yes/No) from the drop-down menu.
4. Select the required options (Yes/No) from the drop-down menu.Was this article helpful?