Answer Posted / sreelal
A set of books determines the functional currency, chart of
accounts, and accounting calendar for each company or group
of companies.
To define a set of books:
1. Navigate to the Set of Books window.
2. Enter a Name for your set of books. This name appears
whenever you choose a set of books from a list and appears
as a heading in reports.
3. Enter a Short Name that will appear in the title bar of
each window.
4. (Optional) Enter a Description for the set of books.
5. Enter the name of any enabled Chart of Accounts, or
account structure, for this set of books.
6. Enter the Functional Currency for your set of books. The
functional currency is also known as the base currency,
local currency, or primary currency.
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