Currency Setup - Currency Setup Tab
Process to Settle Open A/P and A/R Transactions
Currency Setup - Gain/Loss Account Tab
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Access this tab with Administrative user rights using Organization>Currency Setup. |
Use this tab to select gain/loss accounts for the currency selected on the Currency Setup tab. Gain/loss accounts are required for all Currency Codes selected, except for the functional currency.
When this currency is selected during transaction entry (on the Transaction Entry Session form), these accounts will be used as the gain/loss accounts in transaction entry calculations.
Gain/Loss Account Table Segment, Account Code, Title: Select an existing account as the gain/loss account. The General Ledger segment, as well as non-balancing and restriction segments, appear in the table. Balancing and Fund type segments are not available for selection. The account code description appears in the Title column and cannot be changed.
- The default accounts displayed here were entered by the Administrator on the Organization>Set Up Modules>Multicurrency form.
- Gain/loss accounts must have been previously created using the Maintain>Chart of Accounts Codes form.