In this task you will select your Home currency and activate foreign currencies for assignment to customers and suppliers.
Select your Home currency
(GL - General Ledger Setup - Currency Table)
When you first access the Currency Table screen, the Select Home Currency screen is displayed. Select your home currency and then the Currency Table screen is displayed.
NOTE: If you selected the wrong Home currency by mistake, submit a support ticket and we will help you change to the correct Home currency.
Activate foreign currencies if supported in your Financial Accounting System
This is a very consequential decision to activate multi-currency It should only be activated if you intend to do your AR, AP and Banking in a foreign currency in your outside financial accounting system. If you sell or purchase in foreign currency, activate the applicable currencies for assignment to customers and suppliers. You can only assign a single currency to a Supplier or Customer.
NOTE: Multi-currency processing is only available with the Financial Transfer accounting configuration.
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