This chapter contains the following:
Oracle Sales Cloud supports multiple currencies, multiple daily rates, and currency rate conversion. However, in the use case for this guide, Vision Corporation is enabling only one currency, the U.S. Dollar, which is enabled by default. If you're using another currency as the default currency, you'll need to specify that. For steps, see the topic in this guide, Specifying the Corporate Currency.
The setup of multiple currencies is not covered in this guide. You can find more information on setting up multiple currencies in the help and in the article, How to Setup Additional Currencies For Lead and Opportunity Management (Doc ID 1447018.1), available on My Oracle Support (support.oracle.com).
The default currency, the U.S. Dollar, is enabled by default in Oracle Sales Cloud, and is the default corporate currency. If you're going to be using another currency as the corporate currency, you must specify it, following the steps in this topic.
Following are the high-level implementation steps.
Set the default currency profile option, which specifies the corporate currency. You only need to do this if you are using a currency other than the default, the U.S. Dollar.
Disable unused currencies, to limit the values in the Currency list of values.
Note
Upon initial setup, all currencies display as "enabled" in the Manage Currencies setup area. However, even though they show as enabled, the setup of multiple currencies requires the completion of several additional steps. For more information on setting up multiple currencies see the help and the article, How to Setup Additional Currencies For Lead and Opportunity Management. (Doc ID 1447018.1), available on My Oracle Support (support.oracle.com).
Perform the following steps to specify your corporate currency in the default currency profile option.
Note
Your corporate currency generally will remain unchanged. Oracle strongly recommends that you do not change the Corporate Currency Default profile option value for ZCA_COMMON_CORPORATE_CURRENCY once it is being used in transactions.
As a user with access to the profile options pages, such as a setup user, navigate to Setup and Maintenance.
Search for the task, Manage Currency Profile Options, and click the Go to Task icon. The Manage Currency Profile Options page appears.
Click ZCA_COMMON_CORPORATE_CURRENCY.
Ensure that the profile option is set to US Dollar at the site level.
Click Save and Close.
Oracle recommends that you disable unused currencies to reduce the currency lists of values and make the list more manageable for users. Perform the following steps to set any unused currencies as disabled:
As a setup user, navigate to Setup and Maintenance and search for the task, Manage Currencies.
Click the Go to Task icon. The Manage Currencies page appears.
In the Manage Currencies page, click Search to search for all currencies, without entering any search criteria.
Deselect the Enabled option for each unused currency.
Click Save and Close.