Step by Step, Configuration of Multicurrency in MS Dynamics GP.

There are two series that are involved in setting up any new currency in MS Dynamics GP.

1. Administration
2. Financial

 1.   Administration

1.1.  Navigate to system setup & click currency fill the farm ISO code is international currency code set by international standard organization i.e. for Pakistani Rupee it is PKR & for US$ it is USD, after setting up new currency save it & Close window

1.2.   Navigate to exchange table which is just below the currency, provide name & description of exchange table, set other configuration, save & close window

1.3.  Give access to of currency to company or companies by clicking Multicurrency Access Link on System setup area.

2.   Financial

2.1.      After completing above setup now come to financial series. Navigate to setup, click multicurrency & fill the farm. After setting different dimensions of newly configured currency save & Close window.

2.2.       Navigate to Rate Types and configure default exchange rate types for newly configured currency based on your company policy. Rate types are average, buy or sell.

Your new currency has successfully been configured....

Enjoy!