Use the Manage Multicurrency Accounts screen to select those accounts and organizations that will be charged for foreign exchange gains and losses.

Foreign exchange gains and losses result from accounts payable, accounts receivable, billing, and purchase order transactions that involve currencies other than your functional currency. For accounts payable transactions, Costpoint calculates the amount of gain or loss using the exchange rates for the date the voucher or purchase order is saved and the date the voucher is selected for payment. For accounts receivable transactions, Costpoint calculates the amount of gain or loss using the exchange rates for the date the invoice is saved and the date the payment is entered.

Use this screen when you initialize Costpoint Multicurrency.