Hi Partner,
I want to ask. how to change the Chart of account currency from IDR to non-IDR? Our customer wants all the chart of account contain all currency (IDR, USD, etc). But how to setting in Acumatica? Because as I know we must choose one currency in chart of acacount for connect to cash account
Will be grateful for your solution. Thank you
Best answer by Laura03
Hello,
Any currency that is active status and has an Exchange Rate relationship to your Base Currency may be used in transactions with GL Account that have blank currency ID.
Cash Accounts REQUIRE currency ID assignment in the Chart of Accounts prior to configuring a Cash Account in Banking module. There is no way to avoid the currency requirement when configuring Cash Accounts. Currency in Acumatica must match the account’s Currency *at your physical bank*.
Laura
+14Hi
You do not need to change the Currency of the Chart of Accounts from IDR to USD or other currencies.
In Acumatica, Currency is not assigned to the GL Account itself. The Currency is assigned to the relevant Cash Account.
For example:
BCA-IDR → Currency = IDR → Account = 111100
BCA-USD → Currency = USD → Account = 111200
If you want to use additional currencies, first set them up under:
Currency Management → Currencies
Then configure the appropriate currency for the relevant Cash Account.
So, you don't need to set a Currency for the Chart of Accounts. The GL Account structure and the Cash Account Currency are configured separately.
Best Regards,
NNT
+20Hello,
Any currency that is active status and has an Exchange Rate relationship to your Base Currency may be used in transactions with GL Account that have blank currency ID.
Cash Accounts REQUIRE currency ID assignment in the Chart of Accounts prior to configuring a Cash Account in Banking module. There is no way to avoid the currency requirement when configuring Cash Accounts. Currency in Acumatica must match the account’s Currency *at your physical bank*.
Laura
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