Info Center and Multicurrency

When you use the Multicurrency feature, the availability of multiple currencies has different effects on different Info Centers.

Info Center Impact of Multicurrency Feature

Accounts

Each account that you set up for use as a bank account (in Configuration > Accounting > Banks) must have a currency associated with it. You specify the account currency on the General tab of the Chart of Accounts Info Center. 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

Monetary amounts for employee records display in the functional currency of the employee's home company, as determined through organization codes. You specify the employee's organization on the General tab of the Employee Info Center.

Marketing Campaigns

Each marketing campaign must have a currency, which you specify on the General tab of the Marketing Campaign Info Center.

Opportunities

Each opportunity must have a currency, which you specify on the General tab of the Opportunity Info Center.

Projects

You must specify a project currency on the General tab of the Project Info Center. All lower levels of the work breakdown structure (phases, tasks) must have the same project currency. If you are using Vision Accounting, you cannot change the project currency after you have posted charges to the project.

Optionally, you may also specify a different currency as the project's billing currency. All lower levels of the work breakdown structure (phases, tasks) must have the same billing currency.

Units

For each unit, you must specify both a project currency and a billing currency on the Units form of the Unit Info Center.

Vendors

Monetary amounts on the Accounting tab of the Vendor Info Center are stored in the functional currency of the active company.