Impact of Multiple Currencies on Hubs and Accounts

Tracking multiple currencies in DPS has different effects on different areas.

Area	Impact of Multiple Currencies
Accounts	Each account that you set up for use as a bank account (in Settings > Accounting > Banks) must have a currency associated with it. Specify the account currency on the General tab of Settings > Accounting > Chart of Accounts in the desktop application. You can also specify a currency for other accounts, if the balance of the account should be maintained in a currency other than the company’s functional currency (an account for a loan from a foreign bank, for example). If you specify an account currency that is different from the company’s functional currency, the account is considered a foreign-denominated account.
Employees hub	Monetary amounts for employee records display in the functional currency of the employee's home company, as determined through organization codes. Specify the employee's organization on the Summary Pane of the Employees hub.
Marketing Campaigns hub	Each marketing campaign must have a currency, which you specify on the Overview tab of the Marketing Campaigns hub.
Opportunities hub	Each opportunity must have a currency, which you specify on the Overview tab of the Opportunities hub.
Projects hub	You must specify a project currency on the General tab of the Projects hub in the desktop application. All lower levels of the work breakdown structure (phases, tasks) must have the same project currency. If you are using DPS Accounting, you cannot change the project currency after you have posted charges to the project. Optionally, you may also specify a different currency as the project's billing currency. All lower levels of the work breakdown structure (phases, tasks) must have the same billing currency.
Units hub (in the desktop application)	For each unit, you must specify both a cost currency and a billing currency in the Units hub in the desktop application.
Firms hub	Monetary amounts on the Vendor tab are stored in the functional currency of the active company.