https://officeconnectpro.com/tags/currency/Recent content in Currency on OfficeConnectProHugoenhttps://officeconnectpro.com/build-reports/financials/multi-currency-financials/Mon, 01 Jan 0001 00:00:00 +0000https://officeconnectpro.com/build-reports/financials/multi-currency-financials/<p>Workday Financial Management supports multicurrency transactions — journals can be posted in a transaction currency and converted to a company (ledger) currency automatically. OfficeConnect surfaces these currency layers so you can choose which currency your report shows.</p> <h2 id="currency-options-in-the-financials-data-source">Currency options in the Financials data source</h2> <table> <thead> <tr> <th>Currency type</th> <th>What it shows</th> </tr> </thead> <tbody> <tr> <td><strong>Transaction currency</strong></td> <td>The original currency of the posted journal (e.g., GBP for a UK invoice)</td> </tr> <tr> <td><strong>Company currency</strong></td> <td>The ledger currency of the reporting company (e.g., USD for a US parent)</td> </tr> <tr> <td><strong>Converted reporting currency</strong></td> <td>A second converted amount if alternate ledger currency is configured in Workday</td> </tr> </tbody> </table> <h2 id="steps">Steps</h2> <ol> <li> <p>Open your OfficeConnect workbook and click the <strong>OfficeConnect</strong> tab.</p>https://officeconnectpro.com/build-reports/constant-currency-reporting/Mon, 01 Jan 0001 00:00:00 +0000https://officeconnectpro.com/build-reports/constant-currency-reporting/<p>Constant currency reporting holds foreign exchange rates fixed at a baseline period so you can see underlying business performance without FX noise. In Adaptive Planning, this is done through a dedicated constant currency version. OfficeConnect surfaces that version like any other — you just need to know which one to select.</p> <h2 id="how-constant-currency-works-in-adaptive-planning">How constant currency works in Adaptive Planning</h2> <p>Your Adaptive Planning administrator sets up a constant currency version by configuring currency conversion rules that use a fixed rate (for example, the prior-year average rate or a budget rate). When you report against this version, all values are translated at that fixed rate regardless of the reporting period.</p>