1. Base Currency Conversion Implementation Guide
  2. Example: Foreign Transactions That Are In the Currency of the New Base Currency

Example: Foreign Transactions That Are In the Currency of the New Base Currency

In this example, no exchange rate is used and the foreign transaction becomes domestic:

Ledger

Before Conversion

After Conversion

AA

4,397.70 CAD

3,000.00 USD

CA

3,000.00 USD

Record deleted

The base currency conversion converts and deletes amounts in the F0911 tables:

  • In the AA ledger, the system updates the base currency amount with the original foreign currency amount (3,000.00 USD).

  • In the CA ledger, the system deletes the original foreign record (3,000.00 USD) because the new amount in the AA ledger is now stated in the foreign currency.