Currencies

How to define an office home currency

The Office Home Currency is the accounting Currency for this office – all system Journals created for the Office will be created in this Currency, and by default all major system reports will be calculated and displayed using this currency.

When creating a new Office (reporting entity/legal entity) you must specify its Currency (Office Home Currency). This will be the default currency used for all transactions for this Office, unless overridden by a Client Currency or at the point of creating a transaction.

  1. To change an Office Home Currency go to Setup Files menu and select Office/Search Offices
  2. Click on the Office for which you wish to change Office Home Currency
  3. Select the Currency from the drop down list of currencies established in the system

Tip - You can choose to view the foreign exchange rates based on a different currency from the default home currency. Use the Home Office Currency drop down from the Search Currencies page, to see the FX rates based on your selection.