Set the base currency for your company

You can only change your company's base currency before transactions are created in your company.

About base currency

The base currency is the operating and reporting currency for an Intacct company or entity. For example, a UK entity operates in the base currency of GBP, while a US entity operates in the base currency of USD. You run reports for the UK entity in GBP and for the US entity in USD.

You can choose to assign a different base currency to each entity in your multi-entity company. You do this by first enabling multi-base currencies and then enabling a separate base currency for each entity as needed.

Base currencies in a multi-entity company

You can edit the base currency for an individual entity after enabling multiple base currencies in the Multi-Entity Management page and creating a new entity. If your multi-entity company has only one base currency, then the base currency setting remains on the Company Information page.

For details about setting the base currency for an entity, as opposed to a company, see Set the base currency for an entity.

Change your base currency and currency format

If you have not created any transactions in your company yet, you can change your company's base currency and currency format.

1. Go to Company > All > Setup > Configuration > Company.
2. On the Accounting tab, select the icon next to Base currency.

   The Currency and format setup page is displayed.
   

3. On the Currency and format setup page, select Edit.
4. To change your base currency, select Currency code, then select the currency you want to use.

   Sage Intacct fills in the Currency name and ISO-4127 numeric code for that currency, and resets the Currency format to the most common selection for that currency.
   

5. To change your currency format, select Currency format, then select a country.

   Sage Intacct sets format options to match the standard for that country. You can change individual format options to suit your needs.

6. To change individual format options, enter changes in Currency unit through Alignment. Sage Intacct shows an example of your currency display in Currency sample.
7. Select Save.

Field descriptions

The following tables describe the fields on the Currency and format setup page:

Currency section

Field	Description
Currency code	The base or transaction currency you use in your company.
Currency name	The official name of the currency selected in Currency code.
ISO-4127 numeric code	The official ISO code for the currency selected in Currency code.

Format section

Field	Description
Currency format	The country standard format you want to use on your company documents. Automatically updates when you change the currency code.
Currency unit	Common name of your currency unit such as Dollars or Euros.
Currency subunit	Common name for the most common division for the currency, such as cents for dollars or pence for pounds.
Currency symbol	The symbol used to designate the currency, such as $, €, or £.
Thousands separator	The character, such as a comma or period used to separate thousands. This has no mathematical impact, but helps the reader distinguish large values.
Decimal separator	The character, such as a period or comma used to separate the main units from the subunits.
Numbering system	Shown only for certain currency formats, such as the Indian Rupee format.
Alignment	Controls whether the currency symbol is displayed to the left or the right of the number.
Currency sample	Shows a sample value with the current format settings.