Learn about the system wide multi-currency rules.

• Currency Description: For ease of use, the account codes include the currency in their description (for example, 25 USD).
• Debits and Credits in Reporting Currency: To assist in balancing to the G/L, all reports that include debits and credits are in the reporting currency.
• Translation Date: The translation is always based on the G/L date of the transaction.
• <BLANK > Currency Code: Blank is assumed to be the reporting currency. Also an invalid Currency code is assumed to be the reporting currency as well.
• Cost Center Overrides Used Instead of Currency-Specific Settings: If cost centers are present and 'G/L Account Overrides' are enabled, the system will always use the Override G/L account setup (as in past versions) instead of the currency-specific settings.
• Currency Must Exist in Distribution Company: The currency that is used on a transaction must exist in the distribution company as well. If a multi-company vendor invoice is created, the currency code must exist in both companies. The currency code in the distribution company is used to revalue open commitments and unposted amounts.