Currencies Overview Video
An easy to follow and step by step video tutorial on the currencies capabilities of the Financials for Office 365 Lite Edition.
You must set up a code for each currency you use if you:
- Buy or sell in other currencies besides your local currency (LCY).
- Record general ledger transactions in both LCY and an additional reporting currency.
After setting up the codes, assign the appropriate code to each foreign currency bank account, and assign a default currency code to foreign customer and vendor accounts.