Defining Currency Options for a Business Unit
To define currency options for business units, use the General Ledger Definition component (BUS_UNIT_TBL_GL).
This section discusses how to define currency options for a business unit.
Page Name |
Definition Name |
Usage |
---|---|---|
BUS_UNIT_TBL_GL3 |
Specify the journal currency options for a business unit. |
Use the Currency Options page (BUS_UNIT_TBL_GL3) to specify the journal currency options for a business unit.
Navigation:
Field or Control |
Description |
---|---|
Currency Balancing Option |
Specify how journal lines are balanced for a particular business unit. Values are: Balance by All Currencies: Balances by individual transaction currency type. For example, all lines in British pounds are balanced together, and all lines in Mexican pesos are balanced together. Select this option when the Keep Ledgers in Sync option is selected for the ledger group. Balance by Base Currency Only: Balances all journal lines by the base currency only. |
Base Currency Adjust Option |
Select to control manual adjustments to the base currency in foreign currency journals for a particular business unit. Values are: Allow Base Curr Adjustments (allow base currency adjustments): Enables you to directly change the base currency amount on foreign currency journal lines. Disallow Base Curr Adjustments (disallow base currency adjustments): Prevents you from directly changing the base currency amount on foreign currency journal lines. |
Foreign Currencies per Journal |
Select to control the number of foreign currencies for each journal for a particular business unit. Values are: Multiple Foreign Currencies: Allows journals to contain lines in multiple foreign currencies. Only One Foreign Currency: Allows journals to contain lines only in the base currency and a single foreign currency. You must specify the foreign currency in the journal header. No Foreign Currencies: Allows journals to contain lines only in the base currency. |
Translate Ledger Exchange Rate |
Select to control the exchange rate default of the translate ledger consistently for both online and batch edit processing: Inherit from Primary Ledger: Translate ledger inherits the currency exchange rate of the primary ledger within the ledger group. For example, during journal edit, if the foreign currency of the primary ledger line is the same as that of the base currency of translate ledger line, then the exchange rate of the primary ledger line is copied to the translate ledger line; hence, the foreign amount of the primary line will be the same as that of the base amount of the translate line. Retain Exchange Rate: Translate ledger retains the currency exchange rate from the rate type that is specified on the ledger group of the translate ledger. In other words, when this option is selected, there is no change in the base amount or exchange rate of the translate line. See Understanding Multiple Currency Processing in General Ledger. |