Configuring Base Currency and Alternate Currency

  1. In the EMC, select the Enterprise, property or zone, click Setup and Currency Parameters.
  2. Select the Base Currency from the drop-down list. This is the primary currency for the location.

    Oracle recommends setting the base currency once during initial configuration of a property, prior to opening guest checks. When you change the base currency after opening checks, the Enterprise Management Console (EMC) prompts you for verification twice.

  3. (Optional) Select the Alternate Currency from the drop-down list. This is the other currency used at the location. For example, a property located near Niagara Falls might set US Dollars as the base currency and accept Canadian Dollars as the alternate currency.
  4. If you want to use rounding, select 4 - Round Currency. When you select this option the subsequent options are available. Select the appropriate options to round the amount due:

    • 5 - ON = Round to Nearest 0; OFF = Round to Nearest 5 – Select this option if you want to round currency amounts to the nearest 0 (for example, 163.336 rounds to 163.340). Deselect this option to round currency amounts to the nearest 5 (for example, 163.336 rounds to 163.335).

    • 6 - ON = Round to Second-Least Significant Digit; OFF = Round to Least Significant Digit – Select this option if you want to round currency amounts based on the second least significant digit (for example, in 100.45, the second least significant digit is 4). Deselect this option to round currency amounts based on the least significant digit (for example, in 100.45, the least significant digit is 5).

  5. Click Save.
  6. Select the Enterprise, property or zone, click Setup and Currency Availability.
  7. If you selected the Enterprise level, for each record, select the non-base currency (foreign or alternate currency) in the Currency field.
  8. Select the appropriate alternate currency options:

    • 2 - Issue Change In Other Currency – Select this option if you want to issue change from a currency conversion in the currency. Deselect this option to issue change in the base currency.

    • 3 - Prompt For Issuing Change – Select this option to have the workstation prompt the workstation operator to issue change in the other currency. Deselect this option to issue change in the base currency.

    • Select options 4, 5, and 6 as appropriate for the alternate currency. These options are described in Step 4.

  9. Click Save.

Parent topic: Payments and Currency