Multicurrency: Currency Sets
A currency set A currency set is a group of currencies you assign to users and account systems. Each set contains one or more transaction currencies, but only one base currency. is a group of currencies you assign to users and account systems. Each set contains one or more transaction currencies, but only one base currency. Therefore, when you assign a currency set to a user, you limit the currencies the user can work with and determine the base currency to use when the program converts currencies the user enters. For example, a user has a currency set that includes pounds sterling, United States dollars, and euros, with a base currency of pounds sterling. When the user adds, for example, a recurring gift, the gift automatically inherits the user’s base currency of pounds sterling. However, the user can select to change the currency to United States dollars or euros, which are transaction currenices she is authorized to accept based on the currency set.
Similarly, when you enter revenue that posts to your general ledger, the currency set assigned to the account system you associate with the revenue determines the base currency of the transaction and the transaction currencies the user can accept.
To view the currency sets configured for your organization’s users, select the Currency Sets tab on the Currencies page.
Under Currency sets, you can view the base currency and transaction currencies each currency set contains. In the Default column, a check indicates the default currency set for your organization. From the grid, you can add and manage currency sets as necessary.