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This page allows you to define currency codes. All the business units and organization units that have been defined for the company can use these codes once the currencies are assigned. You can enter a unique ISO code and a description identifying the currency. You can also enter a symbol identifying the currency. You can define the sub units for the currency. The system stores the login ID of the user and the system date along with the newly created currency details..
Select the “Create Currency And Country” link under the “Organization Setup” business component.
The “Create Currency” page appears.
The system displays the following in the “Currency Information” group box:
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Status |
The status of the currency. It must be “Active”. |
Enter the following fields in the “Currency Information” group box:
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ISO Currency Code |
A unique ISO (International Standardization Organization) code identifying the currency (Alphanumeric, 5). Mandatory. |
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Numeric ISO Currency Code |
A unique numeric ISO code identifying the currency (Alphanumeric, 5). Mandatory. This numeric currency is defined for use during the “PTT” transactions. |
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Currency Symbol |
A unique symbol identifying the currency code (Alphanumeric, 5). Mandatory. The ISO has assigned a symbol to every currency. This symbol is used for display in documents like checks, invoices etc. |
Note: Special characters like “$” can be entered in this field.
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Currency Desc. |
A textual description of the currency (Alphanumeric, 40). Mandatory. |
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Currency Sub Units |
The number of smaller units of denomination, which when grouped together forms one unit of a currency (Integer). Mandatory. For example, 100 cents make 1 dollar. 100 must be entered here. |
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Currency Sub Unit Desc. |
A textual description of the sub units (Alphanumeric, 40). Mandatory. For example, 100 cents make 1 dollar. Cents must be entered here. |
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Number Of Units |
The number of units of this currency for which the exchange rate is quoted in the foreign exchange market (Integer). Mandatory. The system displays “1” by default at the launch of the page. |
Click the “Create Currency” pushbutton to create the currency.
The system saves the details of the currency in the currency entity.
The system updates the login ID of the user and the system date in the “Created By” and “Created Date” fields.
The system displays the following:
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Created By |
The login ID of the user who has created the currency. |
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Created Date |
The date on which the currency was created. |
To proceed, carry out the following
Select the “Create Currency Denominations” link at the bottom of the page to create the various denominations for a currency.
Select the “Create Country” link at the bottom of the page to create a country.
Select the "Attach Notes" link at the bottom of the page to record your observations.
