About Preferred Currency

A preferred currency can be selected at the Companies and the Persons level. A preferred currency is the currency type in which a company or person conducts their business and may be different from a particular organization's functional currency.

The Preferred Currency fields, if defined, are used during the order entry and payment processes to determine the currency type of the transaction.

See Updating the Preferred Currency for a Company for information on selecting the preferred currency for a company. See Updating the Preferred Currency for a Person for information on selecting the preferred currency for a person.