Specifies the currency that will be used as an additional reporting currency in the general ledger application area. To see the currency codes in the Currency table, choose the field.
If you specify an additional reporting currency in this field, the program will then automatically record amounts in both LCY and this additional reporting currency on each G/L entry and on some other entries, such as VAT entries. When the program calculates G/L entry amounts in an additional reporting currency, the program uses the information from the Currency Exchange Rate table to find the relevant exchange rate.
If you specify that you want the program to record all G/L transactions in an additional reporting currency, you can do the following in either LCY or the additional reporting currency:
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Create financial statements
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See various G/L reports
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Create VAT and INTRASTAT reports
In addition to specifying the additional reporting currency, you must also specify four accounts, one in each of the following fields in the Currency table: Realized G/L Gains Account, Realized G/L Losses Account, Residual Gains Account and Residual Losses Account.
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For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |