Currencies
Currencies enable business processes beyond the company currency and combine document value, exchange rate and posting value into a consistent view.
Currencies
Currencies enable business processes beyond the company currency and combine document value, exchange rate and posting value into a consistent view.
Why this point is crucial for key users
A foreign currency receipt tells two truths at the same time: the value for the business partner and the value for your own accounting. Good preparation keeps both in sync.
How to prepare for the process safely
- Only create currency codes that are actually required.
Check before sharing
- Currency codes are unique and conform to the agreed standard.
What your team gets out of it
International processes remain understandable for partners and comparable for accounting.
In this chapter
Related topics
- For key users – understand and prepare processes › Finance › Currencies › Currency API
- For key users – understand and prepare processes › Finance › Currencies › Currency rates
- For key users – understand and prepare processes › Finance › Corporate bank
Frequently asked questions
Why is currencies important to key users?
A foreign currency receipt tells two truths at the same time: the value for the business partner and the value for your own accounting. Good preparation keeps both in sync.
What needs to be checked before release?
Currency codes are unique and conform to the agreed standard. Prices have date, direction and sufficient accuracy. Conversion and rounding provide the expected goodwill in the test case.