--- title: GENERAL LEDGER - Multiple Currencies description: Manage unlimited currencies, having all transactions translated into Base Currency at time of posting, but maintaining A/R and A/P balances and GL Transactional lookup, in Foreign Currency  --- [Skip to content](https://cs.geminilogic.com/en/manual/general-ledger-multiple-currency#main-content) English Show submenu for translations [New Ticket](https://cs.geminilogic.com/en/manual/kb-tickets/new?hsLang=en) [Customer portal](https://cs.geminilogic.com/tickets-view?hsLang=en) ![Gemini-Logic-Logo (1).png\]](https://cs.geminilogic.com/hs-fs/hubfs/Gemini-Logic-Logo%20(1).png?height=40&name=Gemini-Logic-Logo%20(1).png) - Home - Products - Pricing - Blog - Company Open main navigation Close main navigation - Home - Products - Pricing - Blog - Company - English Show submenu for translations - [New Ticket](https://cs.geminilogic.com/en/manual/kb-tickets/new) - [Customer portal](https://cs.geminilogic.com/tickets-view) - [Go to Gemini Logic](https://www.geminilogic.com/) [Go to Gemini Logic](https://www.geminilogic.com/) Search the User Manual - There are no suggestions because the search field is empty. 1. 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[Spire User Manual - General Ledger](https://cs.geminilogic.com/en/manual/spire-user-manual-general-ledger?hsLang=en) # GENERAL LEDGER - Multiple Currencies ## Manage unlimited currencies, having all transactions translated into Base Currency at time of posting, but maintaining A/R and A/P balances and GL Transactional lookup, in Foreign Currency ### ![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-29-52-32-AM.png?width=50&height=45&name=image-png-Aug-31-2022-07-29-52-32-AM.png) - **Activate** with careful consideration as this cannot be undone - Company Settings \> Currency ![](https://cs.geminilogic.com/hubfs/image-png-Aug-31-2022-07-31-22-55-AM.png) - **Access** - Edit menu \> **Currencies** - General Ledger Module \> Accounts tab \> ![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-36-17-50-AM.png?width=19&name=image-png-Aug-31-2022-07-36-17-50-AM.png) New Account \> ![](https://cs.geminilogic.com/hubfs/image-png-Aug-31-2022-07-36-38-52-AM.png) Currency Browse \> ![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-36-19-59-AM.png?width=19&name=image-png-Aug-31-2022-07-36-19-59-AM.png) **New Currency ![](https://cs.geminilogic.com/hubfs/image-png-Aug-31-2022-07-31-38-38-AM.png)** - **![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-36-45-64-AM.png?width=15&name=image-png-Aug-31-2022-07-36-45-64-AM.png) Refresh** to load any Currencies that may have been posted since last refresh and that may not be displaying on this list - **![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-36-59-39-AM.png?width=57&name=image-png-Aug-31-2022-07-36-59-39-AM.png)![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-37-06-06-AM.png?width=78&name=image-png-Aug-31-2022-07-37-06-06-AM.png) Currency List Customization** - see [General Ledger Accounts List Customization](https://cs.geminilogic.com/en/manual/general-ledger-accounts-list-functionality?hsLang=en#GLAccountFilters) - Currencies List **Context Menu** - right-click on any line(s) to display  ![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-31-43-99-AM.png?width=214&height=159&name=image-png-Aug-31-2022-07-31-43-99-AM.png) - **![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-37-47-69-AM.png?width=20&name=image-png-Aug-31-2022-07-37-47-69-AM.png) Export** selected Currency(s) in Excel (.xlsx only) or CSV format - see Export (see [GL Accounts Export](https://cs.geminilogic.com/en/manual/general-ledger-accounts-list-functionality?hsLang=en#GLAccountsExport)) - **![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-38-26-94-AM.png?width=19&name=image-png-Aug-31-2022-07-38-26-94-AM.png) New Currency**  ![CurrencyMainTab](https://cs.geminilogic.com/hs-fs/hubfs/CurrencyMainTab.png?width=502&height=490&name=CurrencyMainTab.png)  - establish the Currency **Code** - select the **Country** from a list of over 200 - enter the **Description** - **Main** tab - choose method of **Rate** value - **![RadialButtonBlue](https://cs.geminilogic.com/hs-fs/hubfs/RadialButtonBlue.png?width=16&height=16&name=RadialButtonBlue.png) Direct** - enter how many Base dollars this Foreign unit will buy - **![RadialButtonBlue](https://cs.geminilogic.com/hs-fs/hubfs/RadialButtonBlue.png?width=16&height=16&name=RadialButtonBlue.png) Indirect** - enter how many of this Foreign unit your Base Dollar will buy - **Format** - **Unit Name** - select from the drop down menu or type your own - **Fraction Name** - select from the drop-down menu or type your own - **Sign** - select from the drop down menu or type your own - select **![RadialButtonBlue](https://cs.geminilogic.com/hs-fs/hubfs/RadialButtonBlue.png?width=16&height=16&name=RadialButtonBlue.png)** **Sign is Prefix** (comes before amount) or **![RadialButtonBlue](https://cs.geminilogic.com/hs-fs/hubfs/RadialButtonBlue.png?width=16&height=16&name=RadialButtonBlue.png)** **Sign is Suffix** (comes after amount) - select the **Thousands Separator** - select the number of **Decimal Places** this currency uses - select the **Decimal Mark** this currency uses - **Gains / Losses** - **GL Account** - select the GL Account that will capture the Gains / Losses when currency rate(s) fluctuate - assign the **Threshold** before the Gain / Loss is captured (monitored from Base currency) - - **Monthly Rates tab** - rates here are used for back-dated and post-dated transactions (all foreign transactions in the current month use the current rate in the Main tab) - **![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-43-57-88-AM.png?width=20&name=image-png-Aug-31-2022-07-43-57-88-AM.png) Edit** the selected Currency - **![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-44-06-89-AM.png?width=20&name=image-png-Aug-31-2022-07-44-06-89-AM.png) Delete** the selected Currency provided it is not in use - **![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-31-2022-07-44-15-32-AM.png?width=22&name=image-png-Aug-31-2022-07-44-15-32-AM.png) Revalue** GL Accounts to the current Exchange rate for the related currency(s) / or rates from the Monthly Rates table, if the Revaluation is back-dated or post-dated ![](https://cs.geminilogic.com/hubfs/image-png-Aug-31-2022-07-35-00-25-AM.png)![GLRevalueCurrencySelection](https://cs.geminilogic.com/hs-fs/hubfs/GLRevalueCurrencySelection.png?width=294&height=218&name=GLRevalueCurrencySelection.png)  - select or accept the **Revalue as of** date - ![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) select which currency(s) you wish to revalue+ - Foreign Currency Inventory Selling - establish the Currency in Sell Price Levels (see [Inventory - Sell Prices](https://cs.geminilogic.com/en/manual/sell-prices?hsLang=en)):                          ![InventoryPriceLevelsListCurrencyColumn](https://cs.geminilogic.com/hs-fs/hubfs/InventoryPriceLevelsListCurrencyColumn.png?width=344&height=385&name=InventoryPriceLevelsListCurrencyColumn.png) - - establish the Currency in Price Matrix settings (see [Price Matrix](https://cs.geminilogic.com/en/manual/price-matrix-add-edit-delete?hsLang=en)) - otherwise, the Foreign Customer price will calculate from the base Inventory Sell Price using the current rate of exchange - **Foreign Currency Inventory** **Purchasing**  - establish the Foreign Vendor cost in Vendor Details \> Vendor Prices tab (see [Vendor Prices](https://cs.geminilogic.com/en/manual/vendors-prices-tab?hsLang=en)) - if there is no Vendor Price saved, the Purchase Order will calculate the cost based on the current rate of exchange in that PO - 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[Spire User Manual - Vendors](https://cs.geminilogic.com/en/manual/spire-user-manual-vendors?hsLang=en) - [Spire User Manual - Inventory](https://cs.geminilogic.com/en/manual/spire-user-manual-inventory?hsLang=en#main-content) - [Pricing](https://cs.geminilogic.com/en/manual/spire-user-manual-inventory?hsLang=en#pricing) - [Spire User Manual - Price Matrix](https://cs.geminilogic.com/en/manual/spire-user-manual-price-matrix?hsLang=en) - [Spire User Manual - Purchase Orders](https://cs.geminilogic.com/en/manual/spire-user-manual-purchase-orders?hsLang=en) - [Spire User Manual - Sales Orders](https://cs.geminilogic.com/en/manual/spire-user-manual-sales-orders?hsLang=en) - [Spire User Manual - Keyboard Shortcuts](https://cs.geminilogic.com/en/manual/spire-user-manual-keyboard-shortcuts?hsLang=en) - [Spire User Manual - Company Settings](https://cs.geminilogic.com/en/manual/spire-user-manual-company-settings?hsLang=en) - [Spire User Manual - New Instal/Company Setup](https://cs.geminilogic.com/en/manual/spire-user-manual-new-instal-company-setup?hsLang=en) - 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