Currency Conversion Rates for UAE

Currency conversion rates mustbe set up before running a payroll for GCC citizens.

To setup currency conversion rates:

1. Sign in to the application with a role that has implementation privileges, such as APPL_IMP_CONSULTANT.
2. Select Manage Daily Rates in the implementation project task list.
3. On the Manage Daily Rates page, navigate to the Daily Rates tab and click Create in the Spreadsheet.
4. Once the Spreadsheet is downloaded, it prompts you to log in. Once you are logged on, enter the details, Click Submit and then click OK. The Record Status column will be updated with Row Inserted Successfully if the records are loaded to the interface table.
5. To associate a currency rate type to an enterprise: Select Manage Enterprise HCM Information in the implementation project task list.
6. Update the Transaction Processing Conversion Rate Type field with the desired Currency Rate Type.
   Note:

   Note: Payroll Process will use the default conversion rate type Corporate if no conversion rate type is associated to Enterprise.
7. Click Done.