Setting Up Currency Conversion
Access the General Accounting Constants form.
- Multi-Currency Conversion (Y, N, Z)
Select a code that specifies whether to use multi-currency accounting, and the method of multi-currency accounting to use:
Codes are:
N Do not use multi-currency accounting. Use this option if you enter transactions in only one currency for all companies. The multi-currency fields do not appear on forms. The system supplies a value of N if you do not enter a value.
Y Activate multi-currency accounting and use multipliers to convert currency. The system multiplies the foreign amount by the exchange rate to calculate the domestic amount.
Z Activate multi-currency accounting and use divisors to convert currency. The system divides the foreign amount by the exchange rate to calculate the domestic amount.