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Search Statutory Reporting (ONESOURCE) Support Help and Support.

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Convert a currency

You can convert foreign currency values in a report to your desired currency using the currency conversion feature.

You first need to add a currency exchange rate.

Open a financial period.

Select Period Setup
, then Currency Conversion
.

Select Add Currency Exchange Rate
.

Choose the required currency, description, and rate in the Add Currency Exchange Rate
window.

Select the Journal end date for the journals that will use this conversion.

Select Add
.

Add another rate if needed, such as Average Rate
.

The system adds the currency conversion.

You need to define the entity that will use the conversion for this journal to pick up the currency rate.

Select Period Setup
, then Entity Structure
.

Select Edit
on the

Entities

screen.

Select the Currency
arrow, then choose your currency.

Select the Conversion Account
arrow, then choose the account for the conversion to post to.

Select Save
.

Select Continue
when you're done.