The Reporting Currency
The currency, other than Home or Dual, that a company uses to report to a higher intermediate company within your organization's hierarchy. feature provides a series of fields that enable you to report to intermediate currencies in the company hierarchy other than the Home or Dual currencies. In most processes the reporting currency behaves identically to the Dual Currency The currency in which your corporate headquarters reports financial statements. This defaults to, and is normally the same as, the corporate currency., enabling you to perform currency conversions and overrides by selecting the Reporting Currency instead of the Dual Currency.
The Reporting Currency feature is supported and reflected in the following FinancialForce Accounting processes:
- Transaction Posting
- Automated Eliminations
- Currency Revaluation
- Currency Exchange
- Cash Matching
For more information about working with multiple currencies in your org including the Reporting Currency, see About Multi-Currency Mode.
For more information about enabling this feature, see Enabling the Reporting Currency Feature.