1. Setting Up and Configuring Account Reconciliation
  2. Setting Up Reconciliation Compliance
  3. Configuring Reconciliation Compliance
  4. Defining Currency
  5. Controlling Currencies
  6. Creating Custom Currencies

Creating Custom Currencies

To create custom currencies:

  1. From Home, click Application, then click Configuration.
  2. Select the Currencies tab.
  3. Select the Currency tab.
  4. Select New (+).
  5. Enter the following information:

    • Enter the Currency Code

    • Enter the Currency Symbol

    • Select the number of Decimal Places you want to display

    • Enter a Description for the selected currency

    • Enabled

      If the currency is enabled, then it is displayed in the currency list.

Note:

Source and sub-system balances are automatically rounded to the applicable currency "Decimal Places" during the balance loading process. It is not recommended to change the "Decimal Places" and later reload balances for a period that has already had the balances loaded using a different "Decimal Places" setting. This may cause reconciliations that are already completed to re-open due to balance changes.