Enter Currency Rate Type
Explanation
Use this activity to enter the currency rate types, i.e., a specific list of currency
codes, used within a company. This mandatory task is to be performed by a system
administrator or equivalent person.
Prerequisites
- The company must exist in IFS Financials.
System Effects
- One or several currency codes and currency rates can be
included in the list throughout the application.
Window
Currency Rate Types
Related Window Descriptions
Currency Rate Types
Procedure
To perform this activity, follow these steps:
- Open the Currency Rate Types
window.
- Query for the existing
currency rate types.
- Create a new record.
- Enter the currency rate type identity and description.
- In the
Ref
Currency Code field , enter the ISO code for the reference currency code. If
the currency rate category is Normal, your company's accounting currency or
EUR can be used. If the currency rate category is Project, any currency can
be used as reference currency.
- In the
Default Type list, click
Yes or No.
- In the Rate Type
Category list, select either Normal or Project.