What is the meaning of Account Currency? - ProProfs Discuss
Advertisement

What is the meaning of Account Currency?

Asked by Niladri_harichandan, Last updated: Sep 16, 2021

+ Answer
Request
Question menu
Vote up Vote down

1 Answer

niladri_harichandan

niladri_harichandan

niladri_harichandan
Niladri_harichandan

Answered Sep 19, 2017

If you enter the Local currency in the currency field .You can enter the line items in local currency and the system manages the account balance in the local currency and the system currency in parallel.
If you enter multi- currency in the currency field .You can enter the line items in any currency . The system manages the account balance only in the system currency and local currency.
For multi-currency account account you can conduct external bank reconcillation in the local currency.

B. The system manage account balance in foreign,local and system currency. E. At any point you can change an account currency to be multi-currency but you will not be able to change it back once you update.
upvote downvote
Reply 

Advertisement
Advertisement
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader

Email Sent
We have sent an email to your address "" with instructions to reset your password.