Assigning permitted currencies to a company
|
|
|
|
|
|
This page enables you to associate currencies to the company. Tell me more.
Select the “Assign Permitted Currencies” link at the bottom of ”Maintain Company Information” page.
The “Assign Permitted Currencies” page appears.
The system displays the following fields in the “Company Identity” group box:
|
Company Code |
The code of the company for which the currency details must be defined. |
|
Company Name |
The name of the company. Zoom facility available. |
The system displays the already existing permitted currency details in the multiline.
Enter the following fields in the “Currency Details” multiline:
|
ISO Currency Code |
The ISO code of the currency in which the company can transact (Alphanumeric, 20). Mandatory. Ensure that the currency code is already defined in the “Maintain Currency Information” activity and is in “Active” status. The currency code should be unique in the multiline and it should not be defined as the “Base Currency” for the company. |
The system displays the following field:
|
Currency Description |
The textual description of the currency. |
Check the box in the “Select” column of the multiline to mark the currency for deletion.
Click the Delete icon in the tool bar above the multiline, to delete the currency selected in the multiline.
Click the “Assign Permitted Currencies” pushbutton to assign the currencies to the company.
Assigning permitted currencies to a company – An overview
|
|
Each company will have a base currency identified, which will be utilized for all statutory reporting. The base currency will act as the default / preferred currency for all transactions performed in the company. The base currency is already identified in the “Maintain Company Information” page.
In addition to the base currency, there are other currencies that are permitted to be used in business transactions for a company. They can be identified as “Permitted Currencies” for a company.
The currency details are already defined in the “Maintain Currency Information” activity. Using the help facility provided here, you could retrieve the relevant ISO currency codes and associate them to the company as ‘permitted currencies’.
Prerequisite
“Maintain Currency Information” activity.
Associate currencies to company
Associate currencies to company
The currencies in which the transactions of the company can take place are termed as ‘permitted currencies’. You can use the help facility to retrieve the currencies and associate them.
Click the help icon in the “ISO Currency Code” field in the “Currency Details” multiline.
The “Help on ISO Currency Code” page appears.
Select the appropriate currency and click “OK” pushbutton.
Click the “Assign Permitted Currencies” pushbutton to associate currencies to the company.
