Currency Conversion Rule Customization

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The Currency Conversion Rule Customizations screen allows users to customize the restatement accounts for each organization and reporting currency combination for each Currency Conversion Rule Code.

To maintain daily or monthly exchange rates:

1. Navigate to the menu and select Configuration > Financial > Currency Conversion Rule Customizations.

2. Enter the currency conversion rule information in the following fields:

In this Field...	Enter this Information...

In this Field...	Enter this Information...
Currency Conversion Rule	Enter the Currency Conversion Rule that the customization applies to.
Organization	Required: Enter the organization that the customization applies to.
Phase1 Restate Account	Enter the account where the exchange difference for Phase 1 Restatement (Voucher Currency to Operating Currency) will be booked.
Phase 2 Restate	This flag will default if the organization is listed as "Self Sustaining".
Phase 2 Restate Account	Enter the account where the exchange difference for Phase 2 Restatement (operating to reporting currencies) will be booked. It can be different from Phase 1 Restate Account.
Restate Reporting Currency Code	Enter the Reporting currency code that will be restated using this rule. If the field is left blank this rule will be used for all reporting currency code.

3. Select the Save/Commit icon to save the information.

4. Select the Next Record icon to enter more currency conversion rules.

5. Select the Exit icon to close the window.