Accounting Currency Fields

ERP Cloud

Here is a description of the fields that make up an accounting currencyClosed.

Note:

In single-currency modeClosed, a single accounting currency record is automatically created for you when you activate your organization's first company. When this accounting currency record exists for a single-currency organizationClosed, you cannot create new accounting currency records.

Key: R – Read-only; * – Mandatory field

Field   Description
AR Write-Off Limit * The maximum write-off amount set per accounting currency, per company. This must be a positive amount.
Currency * List of active currencies defined within the underlying Salesforce platform. A new accounting currencyClosed must have a corresponding active currencyClosed.
Decimal Places * Number of decimal places to which values in this currency are expressed.
Dual   The currency in which your corporate headquarters reports. All documents and transactions must balance in this currency. You cannot post any documents until a dual currency is designated for the current companyClosed.
Home   The main working and reporting currency of the company. Serves as the basis for all currency exchange rates. It is not possible to create exchange rates for this currency. All documents and transactions must balance in this currency. You cannot post any documents until a home currency is designated for the current companyClosed. When you set or change a company's home currencyClosed, information about the company (including its home currency and its exchange rates mode) is published to Foundations.
ISO Code * ISO codeClosed of the accounting currency.
Reporting   Indicates this currency is used as an intermediate reporting currency between the home currency and the dual currency. This field is activated by the reporting currencies feature. If selected, this field replaces the home currency as the main currency of the company for reporting purposes.

Button

Button Description
Apply Exchange Rates If relevant org-wide exchange rates already exist when you create a new accounting currency in a company that uses org-wide exchange rates, these rates can be automatically applied. A warning is displayed.