Understanding Multiple Currency Processing in General Ledger

PeopleSoft's uniquely flexible structure enables you to manage financial information in multiple currencies. You can use a ChartField to designate different currency codes within a ledger or, as required, store each currency in a different ledger.

PeopleSoft General Ledger provides specific input, processing, and reporting features that satisfy the most demanding requirements of multinational financial management. PeopleSoft GL supports the European common currency (Euro), as well as currency conversions, remeasurement, revaluation, translation and a complete audit trail of all multicurrency processing.

PeopleSoft also includes position accounting, which enables you to identify and track the risks associated with holding financial assets in currencies other than your base currency.