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NSC | Define different base currency on secondary book

edited May 16, 2024 4:03PM in Accounting / ERP

Scenario

User has Full Multi-Book Accounting feature enabled and wants its statutory/secondary books to have a different currency from its primary book. However, user couldn't find the option to specify a different currency for statutory books on the Subsidiary page. The only choice available is to select the base currency.

Solution

Per  SAID 36447:

Secondary books: Any accounting books that are not the primary book. Secondary accounting books may have one or more of these differences from the primary book: different subsidiary base currency, 

When creating a secondary book via Setup > Accounting > Accounting Books, you may select your preferred currency on your subsidiaries which can be different from its primary base currency. If you are using Foreign Currency Management, on the 

Clarisa De Torres | Ask a Guru

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