Setting up Multicurrency

Step 2: Create records for the currencies you’ll use

Step 1 > 2 > 3 > 4 > 5

If you haven’t already read the Multicurrency Overview, see Creating records for the currencies you’ll use for more information.

The Currency List window should be displayed.

  1. Click New.
  2. In the Currency Code field, enter a three-letter code to describe the currency you’re adding. We recommend that you use codes you’ll find easy to remember in the future.
  3. Enter the currency’s name (“Costa Rican colones,” for example) and its current exchange rate. Keep in mind that your entry here should reflect the amount of U.S. money that one unit of this currency—one colón, for example—will buy, and the amount of colones one unit of U.S. money will buy. Verify these amounts in the fields to the right of the exchange rate.
  4. Indicate how you want amounts in this currency to be displayed. The Positive Amount and Negative Amount fields show examples of how currency amounts will be displayed, based on the selections you’re making.
  5. Click OK.

Setting up Multicurrency - Step 2