Understanding Multiple Currencies in PeopleSoft Payables

PeopleSoft offers a uniquely flexible structure that enables you to manage financial information in multiple currencies. You can use a ChartField to designate different currency codes within a ledger, or as required, you can store each currency in a different ledger.

PeopleSoft also provides specific input, processing, and reporting features that satisfy the most demanding requirements of multinational financial management. It supports the European Common Currency (Euro), as well as currency conversions, remeasurement, revaluation, and translation. It also provides a complete audit trail of all multicurrency processing.

This section discusses:

• Multicurrency terminology in PeopleSoft Payables.

• Voucher processing in a multicurrency environment.

• Payment processing in a multicurrency environment.

• PeopleSoft Payables Revaluation processing.

• Multibook in PeopleSoft Payables.