Enter Currency Rate Type

Explanation

Use this activity to enter the currency rate types, i.e., a specific list of currency codes, used within a company. This mandatory task is to be performed by a system administrator or equivalent person.

In the Ref Currency Code field, enter the ISO code for the reference currency code. If the currency rate category is Normal, your company's accounting currency or EUR can be used.

The list of values for Rate Type Category is Normal, Project, Parallel Currency and Tax Reporting. If the currency rate category is Project or Tax Reporting, any currency can be used as reference currency.

Prerequisites

System Effects