How to Set Up Reporting Currency?

Perform the below steps to set up a Reporting Currency:

1. Navigate to Maintenance > Hierarchy Management. Select Type as Finance Hierarchies, Dimension, and Hierarchy as Reporting.
   
   
2. Click Show. 
3. Select the hierarchy and click Add. 
   
4. Select Rollup Node and Rollup Member.
5. Enter Member Name and Member Code and select segment properties.
   
   
6. Double-click AAMCO in the hierarchy and click Add.
   
   
7. Select Leaf Node - Leaf Member and click Add.
   
   
8. Select the Currency Type.
9. Select Yes for Currency Exception.
   
   
10. Click Save.
11. Access the Currency Exception page by navigating to Maintenance > Currency > Currency Exception.
12. Select the AAMCO Reporting currency as shown below.
    
    
13. Click Add. Select the company for which you want to define the exception and click Add.
    
    
14. Select the Currency Exception for the company from the dropdown.
    
    
15. Load Currency Exchange Rate to convert the currency as needed for a selected scenario and year.
16. Run the Consolidation Process on that scenario to update all of the exchange rates. In reporting, select the new Reporting Currency (Currency). All P&L accounts will be translated.