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All currencies are set up in the system by default. These instructions are for very rare cases.In Expense, each employee's assigned currency will be used for payroll/expense reimbursements. Also, currency setup determines the currencies available for selection when entering expenses.Currency plays separate roles in Time and Expense. Employees are assigned a default currency in Employee Setup, which affects reporting in Time and Expense. Currencies are associated with WBS levels 1 or 2 to support budgeting functionality.Currency plays separate roles in Time and Expense. Employees are assigned a default currency in Employee Setup, which affects reporting in Time and Expense. Currencies are associated with WBS levels 1 or 2 to support budgeting functionality.
Some common currencies are preloaded during installation. There must be one single default currency established (preset as US Dollars). The default currency will be the base currency for reporting.

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1. On the left side of the screen, click the plus sign Image Added to expand the Organization menu.
2. Click Currency 
3. Click the Add button Image Modified in the toolbar.
   1. Currency* - Enter a unique identifier to identify the currency. The maximum length for this field is 10 characters.
   2. Name* - Enter a name to identify the currency. This field is limited to 100 characters.
   3. [Symbol]* - Enter a currency symbol to identify the currency. A currency symbol is used in conjunction with the display of a monetary value to identify the effective currency. The maximum length for this field is 3 characters.
   4. Allow Change - Check the box if employees are to be allowed to override the system's official exchange rate when entering expenses. Keep the box unchcked if the employees cannot override the system-generated exchange rate.
   5. Tolerance % - Enter a tolerance percentage if employees are allowed to change the exchange rate. This entry has no effect if No is selected above. 0.00 implies tolerance is not setup. Employees will be able to enter any exchange rate. 5.00 implies employees will be able to enter an exchange rate with a tolerance of +/- 5% of the system exchange rate.
   6. Frequently Used Currency - Check the box if you think this currency code will be used by most of your users so it will show up on top of the list of currency codes to use.
   7. Active - When adding a new currency, this box will be checked and be considered active. If the box is unchecked, the currency will be considered inactive.
   8. Fraction Digits* - Select one of the options below:
      1. 0 - If you want the amount to show with no decimals. (Example 1)
      2. 2 - If you want the amount to show with 2 decimals points. (Example 1.00)
4. Click the Save button to save the record.
   
   * Indicates a required field