Changing the Journal Entry Currency
You can change the currency for any unposted journal entry. However, if you have already entered journal line information, the new currency must have equal or greater precision than the original currency. For example, you can change the currency of an unposted journal entry from YEN to USD, since the YEN currency has a precision of 0, which is less than the USD currency precision of 2.
Note: If you are using budgetary control, and have reserved funds for the journal entry, you must unreserve funds before you can change the currency.
To change the currency of an unposted journal entry:
1. Navigate to the Enter Journals window.
2. Query the batch and journal within the batch that you want to change.
3. Choose Review Journal.
4. Choose Change Currency.
5. Enter the journal currency conversion information.
- The conversion Date must be within the accounting period you defined for the journal entry. The conversion date is the posting date for the journal entry, and the default is the Effective Date shown in the More Details window.
- The conversion Type can be the Spot, Corporate, or User type, or any conversion type you defined.
- You must enter a conversion Rate if you enter User as the conversion type. If you specify a conversion type other than User, General Ledger automatically enters the daily conversion rate based on the rates you entered in the Daily Rates window.
Creating Journal Batches
Entering Foreign Currency Journals
Posting Journal Batches