Currency Admin is where you manage all aspects of currency settings within the system. You can use this feature to define available currencies, set default currencies for users or business units, and maintain accurate exchange rates. Each user must have a reimbursement currency assigned in their profile.
Maintaining Reimbursement Currencies
Objective
After completing this lesson, you will be able to manage user reimbursement currencies.
User Reimbursement Currencies Overview
Manage User Reimbursement Currencies
To add a reimbursement currency and manage settings:
Steps
From the Currency Admin page, select the Reimbursement Currencies tab, and then select Add Currency.
Select the check box associated with each currency that you want to add, and then select Add.
Select the Settings tab to activate exchange rates and manage other settings. The exchange rate sources available are: Search Local Then External Source, Use Local Exchange Rates Only, and Use External Exchange Rates Only.
Summary
- Currency Admin manages reimbursement currency settings.
- Define available currencies, set defaults, and maintain exchange rates.
- Each user needs a reimbursement currency assigned in their profile.
- Add currencies and configure exchange rate sources.