11 Currency and Exchange Rate

Set the type of currency and exchange rate.

You can enter as many types of currency as needed by the organization to control and analyze financial data. If your organization uses multiple currencies, you need to create exchange rates.

Follow the steps in the order they appear below:

• Enabling Currency Configuration
  
• Adding a Currency Type
  
• Setting the Common Currency
  
• Setting a Location's Currency
  
• Adding and Updating Exchange Rates