To Denominate Accounts

You use the Chart of Accounts (GL202500) form to denominate accounts.

Note:
  • You can denominate accounts only if the Multicurrency Accounting feature is enabled on the Enable/Disable Features (CS100000) form.
  • You can search for a form by its name or its form ID (without periods). For more information about search capabilities, see Search

Before You Proceed

Before you start denominating accounts, make sure that the necessary currencies and rate types have been created on the Currencies (CM202000) and Currency Rate Types (CM201000) forms, respectively. For details, see Multicurrency Functionality and Currency Rate Types and Current Rates.

To Denominate an Account

  1. Open the Chart of Accounts (GL202500) form.
  2. In the chart of accounts, find the account that you want to denominate.
  3. In the Currency column, select the currency of denomination.
  4. If needed, if the currency of denomination is a foreign currency, in the Revaluation Rate Type column, select the rate type that will be used for revaluation of the account.
  5. Perform Steps 2 through 4 for each account you want to denominate.
  6. Click Save on the form toolbar.