Multi Currency / Multi Currency Register/ Understanding Multi Currency Registration

3.0. Currency Registration

Understanding Multi Currency Registration



Alert
STEPS:
  1. Click SETUP activity
  2. Click ACCOUNTS
  3. Click CURRENCY module
  4. Click NEW
  5. CODE
  6. Unique Code
  7. ISO CODE
    This code is mainly use for IAF data generation
  8. Name
  9. Currency Name use in Amount in words translation
  10. SYMBOL
  11. NO. OF DECIMAL
    The Symbol and Decimal place for display and printout purpose.
  12. Sen
  13. Sen
    This is the currency Singular & Plural description to appear in printout. It is the 1/100 Monetary Unit for Amount in Words Translation
  14. DATE FROM
  15. DATE TO
    This is the effective date range for the exchange rate to be applicable.
  16. EXCHANGE RATE
  17. The conversion rate of the foreign currency to accounting currency
  18. MULTIPLY
  19. DIVISION
    These are factor to facilitate entry of exchange rates.

Creating a new Multi Currency in Register



Alert
STEPS:
  1. Click SETUP activity
  2. Click ACCOUNTS
  3. Click CURRENCY module
  4. Click NEW
  5. CODE enter MYR
  6. ISO CODE MYR
  7. NAME enter Malaysian Ringgit
  8. SYMBOL enter RM
  9. NO. OF DECIMAL enter 2
  10. CENT enter Sen
  11. CENTS enter Sen