Currency Conversion Rates for Kuwait

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

To set up currency conversion rates:

1. Sign in to the application with a role that has implementation privileges, such asAPPL_IMP_CONSULTANT.
2. Select Manage Daily Rates in the implementation project task list.
3. On the Currency Rates Manager page, navigate to the Daily Rates tab and click Create in Spreadsheet.
4. Once the spreadsheet is downloaded, you need to log on. 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: Enterprise changes are effective as per the date set in the Effective Start Date field.
   Note: Payroll Process will use the default conversion rate type Corporate if no conversion rate type is associated to Enterprise.
7. Click Done.