Impact of Multiple Currencies on Hubs and Accounts

Tracking multiple currencies in Vantagepoint has different effects on different areas.

Area	Impact of Multiple Currencies
Accounts	Each account that you set up for use as a bank account on the Options tab in Settings > Cash Management > Banks must have a currency associated with it. Specify the account currency in Settings > General Ledger > Chart of Accounts. You can also specify a currency for other accounts, if the balance of the account should be maintained in a currency other than the company’s functional currency (an account for a loan from a foreign bank, for example). If you specify an account currency that is different from the company’s functional currency, the account is considered a foreign-denominated account.
Employees hub	Monetary amounts for employee records display in the functional currency of the employee's home company, as determined through organization codes. Specify the employee's organization on the Summary Pane of the Employees hub.
Marketing Campaigns hub	Each marketing campaign must have a currency, which you specify on the Overview tab of the Marketing Campaigns hub.
Projects hub	You must specify a project currency on the Overview tab of the Projects hub. All lower levels of the work breakdown structure (phases, tasks) must have the same project currency. If you are using Accounting, you cannot change the project currency after you have posted charges to the project. Optionally, you can specify a different currency as the project's billing currency. If you do so, all lower levels of the work breakdown structure (phases, tasks) must have the same billing currency.
Units Settings	For each unit, you must specify both a cost currency and a billing currency in Settings > Accounting > Units.
Firms hub	Monetary amounts are stored in the functional currency of the active company.