Currency Processing (Multi-Currency Environments only)

Three processes in the General Ledger module handle foreign currency processing.  The first process, currency conversion, converts journals entered in a foreign currency into the bookkeeping currency when journals are entered into the system.  Both the foreign currency amount and its bookkeeping equivalent are stored on the transaction files and on the Account Master File.  The second process, currency translation, translates the Account/Center Master File bookkeeping amounts for a specific period into a target foreign currency.  Lastly, the revaluation process is available to report unrealized exchange gains/losses due to fluctuations in exchange rates. 

Related

• Currency Conversion
• Currency Translation
• Gain/Loss Due to Translation
• Currency Revaluation