Setting Up Currencies

A currency definition includes currency codes, a description, and the number of decimals that can be used to represent an amount in the currency.

You add, modify, and delete currencies on the Currency page.

Adding a Currency

1. Select Common Setup > Currency.

2. On the Currency page, click Add.

3. On the Currency Details page, enter values for the following fields:

   Page Element	Description
   Currency Code	Enter a the unique code that your system uses for the currency.
   ISO Code	Enter the three-digit International Organization of Standardization (ISO) 4217 numeric code for the currency. For example, you would enter 840 for the US dollar.
   Description	Enter a short description of the currency.
   Decimal Position	Enter the number of decimal places that can be used to represent an amount for the currency. For example, the United States dollar uses two decimal positions.

4. Click Save.

Modifying a Currency

1. Select Common Setup > Currency.

2. Click a row on the Currency page.

3. On the Currency Details page you can:

   • Update the currency field values.

     Note: You cannot edit the Currency Code field.

   • Delete the currency. You will be prompted to confirm the permanent deletion.

4. Click Save.

Deleting Currencies

1. Select Common Setup > Currency.

2. Click Edit.

3. Select the check boxes next to all the currencies you want to delete.

4. Click Delete. You will be prompted to confirm the permanent deletion.